Updates
Borderless x Hinkal
Private Settlement on the Largest Stablecoin Orchestration Network
May 28, 2026
Borderless is partnering with Hinkal to bring private stablecoin payments to the fintechs, PSPs, and enterprises running flows on the Borderless network. The integration adds a confidential settlement layer to Borderless's stablecoin orchestration across 94+ countries and 63+ fiat currencies - without changing the wallets, API, or provider flows Borderless customers already use. Early access opens for Borderless and Hinkal customers in the coming weeks.
Why we're partnering
Borderless connects PSPs, neobanks, embedded finance platforms, and cross-border payment operators to a network of regulated on & offramp providers through a single API, enabling stablecoin payments and local banking rails across 94+ countries and 63+ fiat currencies. The off-chain orchestration - KYC, travel rule, FX, compliance, settlement routing, local rails - is what makes the network work end-to-end.
The remaining gap sits on-chain. Stablecoin transactions settle to public addresses by default, which means deposit patterns, balances, vendor relationships, and corridor volumes are visible to anyone with a block explorer. For a Web3 protocol, that visibility is acceptable. For a payments company, PSP, neobank, or iGaming operator running real commercial volume on stablecoin rails, it is the same as publishing your customer balances to their competitors.
That's the gap this partnership closes with Hinkal closes. Demand for private settlement across our customer base - PSPs, iGaming operators, neobanks - is no longer theoretical; it is a precondition for a particular class of commercial flows moving on-chain. Hinkal is the privacy infrastructure that lets us meet it.
Borderless handles the off-chain orchestration; Hinkal handles the on-chain privacy. Borderless customers plug Hinkal in as the private settlement layer that holds shielded stablecoin balances and shields counterparty data - without changing how they interact with the Borderless API or provider network.
How it fits the Borderless model
Borderless is never in the flow of funds and never takes custody. Customer wallets connect directly to providers for onramp, offramp, FX, and settlement. Hinkal preserves that model exactly: the same wallet a Borderless customer uses today simply holds a private balance instead of a public one.
Concretely:
The Borderless customer keeps the same wallet, the same Borderless integration, and the same funding flows.
Onramp through any Borderless provider or virtual account works as today; deposited stablecoins land in the same wallet, now as a shielded balance.
Offramp, payouts, and reconciliation work as today; the shielded balance funds the outgoing provider flow.
Borderless continues to handle KYC, travel rule, and FX orchestration off-chain through its existing infrastructure.
The Borderless customer uses the same private key to see the private balance via the Borderless dashboard or Hinkal Pay UI.
The customer reads the same balance from two places. The Borderless dashboard shows it as part of the standard account view. The Hinkal UI shows it with shielded transaction history and counterparty detail. Same wallet, same number, two views. The block explorer sees a shielded amount.
Hinkal sits on the customer side of the boundary, not inside Borderless. Borderless's "never in the flow of funds" posture is unchanged.
Use cases that unlock
Four categories of Borderless customers get the most direct benefit.
Neobanks and embedded wallets. Hinkal's recent Polygon integration ships private stablecoin payments directly into the embedded wallet stack: when a neobank or fintech sends payment from one user to a recipient, the leak the operator is trying to prevent - visible balance, visible counterparty - is closed by default. Borderless customers running the same model get the same protection.
iGaming and betting operators. Operator treasury balances no longer broadcast on-chain. Regulated operators retain the compliance signal their licenses require while keeping operator-level asset data and treasury positions private from competitors and counterparties.
PSPs and orchestrators settling with merchants. PSPs routing stablecoin volume to downstream merchants on Borderless can keep merchant-level commercial detail - settlement size, frequency, supplier graph - off the public chain while continuing to use the same Borderless rails for fiat conversion.
Cross-border B2B payments and payroll. Companies paying contractors, suppliers, or subsidiaries through the Borderless network can keep vendor pricing, payroll size, and treasury operations confidential while corridors continue to settle in stablecoins.
In each case the underlying Borderless flow is unchanged. The provider network still routes the payment. Hinkal changes only what is visible on the chain between provider in and provider out.
Compliance posture
The integration is designed to fit the regulatory frame Borderless customers already operate in:
Each user holds a viewing key allowing them to prove transaction history to third parties - auditors, regulators, partner banks.
Hinkal enables privacy post-compliance: after KYB and KYT are completed by integrators, settlement runs through the confidential layer.
Travel-rule data continues to flow through the same Borderless identity infrastructure.
Regulators, partner banks, and providers receive the same compliance signal they receive on standard Borderless flows.
Early access
Co-development is starting with a small set of Borderless customers ahead of broader rollout. We're prioritizing companies in four profiles:
Neobanks and embedded wallet platforms running stablecoin settlements
iGaming companies with stablecoin treasuries
PSPs and orchestrators routing volume to downstream merchants
B2B payments and payroll platforms running cross-border corridors
If you're a Borderless customer (or planning to be) and any of these match your flow, get in touch. We'll size the integration, walk through the technical fit, and prioritize early-access placement.
Borderless: borderless.xyz
Hinkal: hinkal.io
Frequently Asked Questions
Can Borderless customers use Hinkal without changing their existing setup?
Yes. The same wallet, the same Borderless API integration, and the same funding flows all continue to work. Stablecoins deposited through any Borderless provider land in the same wallet - now as a shielded balance. No migration, no new accounts, no API rewrites.
Does this affect Borderless's non-custodial model?
No. Borderless remains never in the flow of funds. Hinkal sits on the customer side of the boundary, not inside Borderless. The customer's private keys still control the wallet; Hinkal provides the privacy layer through smart contracts the customer's wallet interacts with directly.
How does private settlement work with KYC, travel rules, and AML?
Privacy applies post-compliance. KYC, KYB, and KYT are completed by Borderless and its PFI providers as of today. After that point, settlement runs through Hinkal's confidential layer. Customers hold a viewing key that lets them disclose specific transactions or full history to auditors, regulators, partner banks, or any required counterparty.
Which Borderless customer types benefit most?
Neobanks and embedded wallets shielding user-to-user transfers; iGaming operators protecting treasury balances; PSPs routing stablecoin volume to merchants; and B2B payments and payroll platforms running cross-border corridors. Each gets to keep commercial detail off the public chain while continuing to use Borderless rails.
What does the integration timeline look like?
Early access opens for a small set of Borderless customers in the coming weeks. Broader rollout follows once initial integrations are live. Borderless customers can request early-access placement through either Borderless or Hinkal directly.
Read more from Hinkal → https://hinkal.io/blog/hinkal-x-borderless-private-settlement-on-the-largest-stablecoin-orchestration-network
About Borderless
Borderless is the leading stablecoin payments orchestration network, connecting fintechs, PSPs, and financial institutions to regulated participating financial institutions through a single API across 94+ countries and 63+ fiat currencies. SOC 2 Type II certified, headquartered in New York, and a launch partner in Mastercard's Crypto Partner Program.
About Hinkal
Hinkal is the privacy infrastructure for stablecoins, used in production across EVM chains, Solana, and Tron. The protocol has processed $450M+ in confidential settlements, is the designated privacy vendor for Polygon Open Money Stack, MPCVault and GR8 Tech, and pairs Chainalysis integration with viewing-key compliance for institutional clients. Backed by Draper Associates, SALT, the SNZ Capital, Psalion, and more.
Borderless is partnering with Hinkal to bring private stablecoin payments to the fintechs, PSPs, and enterprises running flows on the Borderless network. The integration adds a confidential settlement layer to Borderless's stablecoin orchestration across 94+ countries and 63+ fiat currencies - without changing the wallets, API, or provider flows Borderless customers already use. Early access opens for Borderless and Hinkal customers in the coming weeks.
Why we're partnering
Borderless connects PSPs, neobanks, embedded finance platforms, and cross-border payment operators to a network of regulated on & offramp providers through a single API, enabling stablecoin payments and local banking rails across 94+ countries and 63+ fiat currencies. The off-chain orchestration - KYC, travel rule, FX, compliance, settlement routing, local rails - is what makes the network work end-to-end.
The remaining gap sits on-chain. Stablecoin transactions settle to public addresses by default, which means deposit patterns, balances, vendor relationships, and corridor volumes are visible to anyone with a block explorer. For a Web3 protocol, that visibility is acceptable. For a payments company, PSP, neobank, or iGaming operator running real commercial volume on stablecoin rails, it is the same as publishing your customer balances to their competitors.
That's the gap this partnership closes with Hinkal closes. Demand for private settlement across our customer base - PSPs, iGaming operators, neobanks - is no longer theoretical; it is a precondition for a particular class of commercial flows moving on-chain. Hinkal is the privacy infrastructure that lets us meet it.
Borderless handles the off-chain orchestration; Hinkal handles the on-chain privacy. Borderless customers plug Hinkal in as the private settlement layer that holds shielded stablecoin balances and shields counterparty data - without changing how they interact with the Borderless API or provider network.
How it fits the Borderless model
Borderless is never in the flow of funds and never takes custody. Customer wallets connect directly to providers for onramp, offramp, FX, and settlement. Hinkal preserves that model exactly: the same wallet a Borderless customer uses today simply holds a private balance instead of a public one.
Concretely:
The Borderless customer keeps the same wallet, the same Borderless integration, and the same funding flows.
Onramp through any Borderless provider or virtual account works as today; deposited stablecoins land in the same wallet, now as a shielded balance.
Offramp, payouts, and reconciliation work as today; the shielded balance funds the outgoing provider flow.
Borderless continues to handle KYC, travel rule, and FX orchestration off-chain through its existing infrastructure.
The Borderless customer uses the same private key to see the private balance via the Borderless dashboard or Hinkal Pay UI.
The customer reads the same balance from two places. The Borderless dashboard shows it as part of the standard account view. The Hinkal UI shows it with shielded transaction history and counterparty detail. Same wallet, same number, two views. The block explorer sees a shielded amount.
Hinkal sits on the customer side of the boundary, not inside Borderless. Borderless's "never in the flow of funds" posture is unchanged.
Use cases that unlock
Four categories of Borderless customers get the most direct benefit.
Neobanks and embedded wallets. Hinkal's recent Polygon integration ships private stablecoin payments directly into the embedded wallet stack: when a neobank or fintech sends payment from one user to a recipient, the leak the operator is trying to prevent - visible balance, visible counterparty - is closed by default. Borderless customers running the same model get the same protection.
iGaming and betting operators. Operator treasury balances no longer broadcast on-chain. Regulated operators retain the compliance signal their licenses require while keeping operator-level asset data and treasury positions private from competitors and counterparties.
PSPs and orchestrators settling with merchants. PSPs routing stablecoin volume to downstream merchants on Borderless can keep merchant-level commercial detail - settlement size, frequency, supplier graph - off the public chain while continuing to use the same Borderless rails for fiat conversion.
Cross-border B2B payments and payroll. Companies paying contractors, suppliers, or subsidiaries through the Borderless network can keep vendor pricing, payroll size, and treasury operations confidential while corridors continue to settle in stablecoins.
In each case the underlying Borderless flow is unchanged. The provider network still routes the payment. Hinkal changes only what is visible on the chain between provider in and provider out.
Compliance posture
The integration is designed to fit the regulatory frame Borderless customers already operate in:
Each user holds a viewing key allowing them to prove transaction history to third parties - auditors, regulators, partner banks.
Hinkal enables privacy post-compliance: after KYB and KYT are completed by integrators, settlement runs through the confidential layer.
Travel-rule data continues to flow through the same Borderless identity infrastructure.
Regulators, partner banks, and providers receive the same compliance signal they receive on standard Borderless flows.
Early access
Co-development is starting with a small set of Borderless customers ahead of broader rollout. We're prioritizing companies in four profiles:
Neobanks and embedded wallet platforms running stablecoin settlements
iGaming companies with stablecoin treasuries
PSPs and orchestrators routing volume to downstream merchants
B2B payments and payroll platforms running cross-border corridors
If you're a Borderless customer (or planning to be) and any of these match your flow, get in touch. We'll size the integration, walk through the technical fit, and prioritize early-access placement.
Borderless: borderless.xyz
Hinkal: hinkal.io
Frequently Asked Questions
Can Borderless customers use Hinkal without changing their existing setup?
Yes. The same wallet, the same Borderless API integration, and the same funding flows all continue to work. Stablecoins deposited through any Borderless provider land in the same wallet - now as a shielded balance. No migration, no new accounts, no API rewrites.
Does this affect Borderless's non-custodial model?
No. Borderless remains never in the flow of funds. Hinkal sits on the customer side of the boundary, not inside Borderless. The customer's private keys still control the wallet; Hinkal provides the privacy layer through smart contracts the customer's wallet interacts with directly.
How does private settlement work with KYC, travel rules, and AML?
Privacy applies post-compliance. KYC, KYB, and KYT are completed by Borderless and its PFI providers as of today. After that point, settlement runs through Hinkal's confidential layer. Customers hold a viewing key that lets them disclose specific transactions or full history to auditors, regulators, partner banks, or any required counterparty.
Which Borderless customer types benefit most?
Neobanks and embedded wallets shielding user-to-user transfers; iGaming operators protecting treasury balances; PSPs routing stablecoin volume to merchants; and B2B payments and payroll platforms running cross-border corridors. Each gets to keep commercial detail off the public chain while continuing to use Borderless rails.
What does the integration timeline look like?
Early access opens for a small set of Borderless customers in the coming weeks. Broader rollout follows once initial integrations are live. Borderless customers can request early-access placement through either Borderless or Hinkal directly.
Read more from Hinkal → https://hinkal.io/blog/hinkal-x-borderless-private-settlement-on-the-largest-stablecoin-orchestration-network
About Borderless
Borderless is the leading stablecoin payments orchestration network, connecting fintechs, PSPs, and financial institutions to regulated participating financial institutions through a single API across 94+ countries and 63+ fiat currencies. SOC 2 Type II certified, headquartered in New York, and a launch partner in Mastercard's Crypto Partner Program.
About Hinkal
Hinkal is the privacy infrastructure for stablecoins, used in production across EVM chains, Solana, and Tron. The protocol has processed $450M+ in confidential settlements, is the designated privacy vendor for Polygon Open Money Stack, MPCVault and GR8 Tech, and pairs Chainalysis integration with viewing-key compliance for institutional clients. Backed by Draper Associates, SALT, the SNZ Capital, Psalion, and more.
Global Stablecoin Orchestration Network
Borderless Innovations Labs Inc. (Borderless) is a technology and smart contract development company. Borderless in not a broker-dealer or financial institution and does not engage any conduct or transactions requiring such registration. All financial products are offered by and through financial institutions directly. Borderless does not make any recommendation for the purchase or sale of digital assets. Our products and services are offered in limited jurisdictions so please contact our partnerships team for further information and refer to our Terms of Services.
Global Stablecoin Orchestration Network
Borderless Innovations Labs Inc. (Borderless) is a technology and smart contract development company. Borderless in not a broker-dealer or financial institution and does not engage any conduct or transactions requiring such registration. All financial products are offered by and through financial institutions directly. Borderless does not make any recommendation for the purchase or sale of digital assets. Our products and services are offered in limited jurisdictions so please contact our partnerships team for further information and refer to our Terms of Services.
Global Stablecoin Orchestration Network
Borderless Innovations Labs Inc. (Borderless) is a technology and smart contract development company. Borderless in not a broker-dealer or financial institution and does not engage any conduct or transactions requiring such registration. All financial products are offered by and through financial institutions directly. Borderless does not make any recommendation for the purchase or sale of digital assets. Our products and services are offered in limited jurisdictions so please contact our partnerships team for further information and refer to our Terms of Services.