“Can a multi-asset financial services and brokerage firm become the infrastructure layer for cross-border payments, FX, and capital markets services for institutions, NGOs, and mid-market corporates globally?”
Originally a commodities and futures brokerage (formerly INTL FCStone), StoneX rebranded in 2020 after a series of acquisitions that broadened it into a multi-asset financial services firm. The company has steadily built out a cross-border payments and FX division (StoneX Payments / banco.stonex.com), offering white-label and API-driven global payment infrastructure across 140+ currencies and 180+ countries. In 2026, StoneX expanded further into structured finance and lending via a new Securitization Banking & Capital Markets platform, signalling ambitions to deepen its institutional capital markets footprint beyond brokerage and FX.
Stonex processes payments through StoneX Payments (self-operated) and StoneX Payment Services Ltd. (self-operated). Disclosed money-movement rails: SWIFT.
Stonex uses StoneX Payments (self-operated) for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 4 layers in Stonex's stack: Payments / PSP (StoneX Payments (self-operated) and StoneX Payment Services Ltd. (self-operated)); Money movement (SWIFT); Lending (Inventory financing, Working capital financing, Securitization Banking & Capital Markets platform and Structured finance lending); FX & payouts (StoneX Payments (self-operated)).
Stonex is founded in 1974 and headquartered in New York, NY, USA.
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