“Can a Puerto Rico-chartered US bank become the universal settlement layer between fiat rails (SWIFT/ACH/Fedwire/Visa) and stablecoins (USDC/USDT) for global fintechs?”
Founded 2019 as a Puerto Rico-licensed International Financial Entity enabling non-US residents to open US bank accounts remotely. In July 2025 Zenus announced it was discontinuing its dedicated retail banking platform to concentrate on fintech infrastructure — embedded virtual accounts, Visa BIN sponsorship, FX, and stablecoin on/off ramps — for institutional and fintech partners. The current positioning as a 'universal settlement layer' unifying fiat (SWIFT, ACH, Fedwire, Visa B2B Connect) and stablecoin (USDC, USDT) rails under a single bank charter marks the completion of that pivot from consumer neobank to BaaS/sponsor bank.
Zenus Bank discloses Zenus Bank International Inc. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Zenus Bank does not disclose a bank charter of its own; its banking services are provided through Zenus Bank International Inc. (in-house).
Zenus Bank processes payments through Zenus Settlement Network (in-house). Disclosed money-movement rails: ACH, Fedwire and SWIFT.
Zenus Bank's cards are issued through Zenus Bank International Inc. (in-house) on the Visa and Mastercard networks.
Zenus Bank uses Zenus Bank (in-house) for FX and cross-border payouts.
Zenus Bank's crypto products run on Zenus Bank (in-house).
The Embedded Finance Index 2026 maps 8 layers in Zenus Bank's stack: Payments / PSP (Zenus Settlement Network (in-house)); Money movement (ACH, Fedwire and SWIFT); Banking / BaaS (Zenus Bank International Inc. (in-house)); Card issuing (Zenus Bank International Inc. (in-house)); Card network (Visa and Mastercard); Sponsor bank (Zenus Bank International Inc. (in-house)); FX & payouts (Zenus Bank (in-house)); Crypto (Zenus Bank (in-house)).
Zenus Bank was founded by Mushegh Tovmasyan and is founded in 2019, headquartered in San Juan, Puerto Rico.
Get a read on where your own stack stands against Zenus Bank 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.