How Dfns brought local rails payouts across 19+ providers to 113+ countries in weeks

DFNS is a core banking system for digital assets behind hundreds of banks, fintechs and payment companies. It creates their wallets, secures the keys with multi-party computation, and governs every transaction that moves through them. For the institutions that build on it, DFNS is where their stablecoins are held and controlled.

Increasingly, these customers were coming to DFNS asking for help turning stablecoins into fiat. A payment company wanted to settle its merchants in local currency, while a neobank wanted its users' balances to reach a bank account at home. The country changed with each customer but the requirement underneath did not. Each needed a licensed offramp provider in that country, with the compliance that goes with it, reachable from the wallet the customer already used.

Today DFNS offers exactly that. Their product, DFNS Payouts, lets customers convert stablecoins to local currency and pay out to bank accounts and mobile wallets in 113+ countries. Underneath it is a single integration with Borderless, whose infrastructure currently connects 19+ licensed offramp providers across 132+ local rails. Building this one provider at a time would have taken DFNS years and a payments team it never planned to hire. Instead, they went from first test to launch in a matter of weeks, and the coverage has kept growing since without DFNS building anything new.

Global payouts in weeks, not years

A wallet platform that wants to offer payouts has traditionally had two options. It can integrate offramp providers one at a time, taking on a separate API, onboarding process and compliance relationship for each, along with a roadmap that grows with every new country its customers ask for. The alternative is to pick a single provider and build around it, which is faster but ties the platform's coverage and pricing to that one provider's limitations.

DFNS took a third path. Rather than integrate each provider itself, it connected once to Borderless, who had already integrated the providers and their separate APIs. That single integration handed DFNS a marketplace of offramp connections into 113+ countries. Their customers can switch on the licensed providers they need, compare rates across them, and add a second provider in any market where they want redundancy. DFNS does not have to build or maintain any of it.

Once approved, the same integration carries the work that follows. Reconciliation runs across every provider, and compliance requests or exceptions from any of them arrive in one queue. Each transaction is benchmarked against the rates available across the Borderless network, and delivery and reliability data on every provider build up over time.

Coverage that grows without a roadmap

For a DFNS customer, enabling payouts takes two steps. It completes business verification once, which every provider on the network accepts, and links that verified account to its DFNS organization with an API key. From then on, beneficiaries, quotes and payouts are DFNS API calls. Stablecoins move from the customer's own DFNS wallet to the offramp provider, and the provider delivers local currency to the recipient.

The network has grown with DFNS on it. At launch, DFNS Payouts reached 94 countries through 14 providers. Six months later, it reaches 113 countries through 19 providers. Each addition arrived as a configuration change rather than an integration, and each new provider Borderless connects to becomes available to DFNS and their customers.

How DFNS customers use it

DFNS customers are already using Payouts for a few different cases.

• Paying suppliers abroad. A payments platform serving importers across Latin America. They keep their wallets on DFNS and use Payouts to pay its importers' suppliers in Asia. Before this, each payment travelled through a chain of correspondent banks and took three to four days to arrive. Now a payment funded from the DFNS wallet reaches the supplier's bank the same day.

• Settling merchants in local currency. A payment company collects in stablecoins and owes its merchants local currency. It saves each merchant's bank account once and runs the payouts from one wallet, with a different provider switched on for each country. Merchants get paid in their own currency, into their own bank, on the rail they already use.

• Moving treasury between stablecoins and fiat. An institution holding a stablecoin balance in DFNS converts part of it to fiat when it needs to, over SEPA in Europe or by wire in the United States. The payout is approved under the same DFNS policies as any other transaction and lands in its own bank account.

The next country is a setting

The request DFNS heard is one every wallet platform eventually hears. Customers who hold stablecoins need them to become local money somewhere, and they want to do it from the wallet they already use. DFNS answered by making payouts part of the wallet itself.

What its customers see is DFNS. Payouts is a DFNS service, started from a DFNS wallet, governed by DFNS policies and completed without the customer ever leaving DFNS. Underneath it, Borderless connects 132+ local rails across 113+ countries, so a stablecoin leaving a DFNS wallet lands as money in a bank account in the local currency.