“Can a compliant crypto payments app become the regulated on-ramp and institutional API layer for decentralized finance adoption across consumers, banks, and credit unions?”
Founded in 2015 as a blockchain payments and rewards wallet, Metallicus built Metal Pay as a consumer-facing crypto on-ramp compliant with US money transmission regulations. The company pivoted toward deeper ecosystem integration with the launch of XPR Network, Metal X DEX, and a DeFi lending layer, transforming Metal Pay from a simple crypto purchase app into an entry point for a broader decentralized finance ecosystem. More recently, Metallicus has layered on a B2B Crypto-as-a-Service API targeting banks and credit unions that want to offer compliant crypto trading natively, signaling a dual consumer/institutional strategy.
MetalPay discloses Evolve Bank & Trust as its sponsor bank, according to the Embedded Finance Index 2026.
MetalPay does not disclose a bank charter of its own; its banking services are provided through Evolve Bank & Trust.
MetalPay processes payments through Metal Pay (self-operated). Disclosed money-movement rails: ACH.
The Embedded Finance Index 2026 maps 4 layers in MetalPay's stack: Payments / PSP (Metal Pay (self-operated)); Money movement (ACH); Lending (Metal X Lending (DeFi crypto lending/borrowing) and LOAN Protocol (decentralized over-collateralized lending on XPR Network)); Sponsor bank (Evolve Bank & Trust).
MetalPay was founded by Marshall Hayner and is founded in 2015, headquartered in 660 4th Street, Suite 107, San Francisco, California 94107.
Get a read on where your own stack stands against MetalPay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.