Key Highlights
- Avalanche introduced the Avalanche Payments Collective, an industry group comprising 28 organizations building payment infrastructure on the network.
- Participants include major firms such as Franklin Templeton, VanEck, WisdomTree, Paxos, Kraken, and Anchorage Digital.
- The collective focuses on settlement, stablecoins, treasury management, compliance, and cross-border payment solutions.
Avalanche, a layer-1 blockchain platform, today launched the Avalanche Payments Collective, a new industry group that brings together 28 organizations building payment infrastructure on the blockchain network. The initiative formalizes an existing ecosystem of firms working on settlement, stablecoins, treasury tools, and cross-border payments using Avalanche technology.
According to the official announcement, the collective includes major names such as Franklin Templeton, VanEck, WisdomTree, Agora, Paxos, Rain, Axiym, Ethena, Anchorage Digital, Tassat, Nonco, SETTL, zerohash, Core, OatFi, Rise, Kraken, OpenTrade, NHN KCP, Request Finance, Grove, and the Wyoming Stable Token Commission, among others.
The group spans multiple layers of the payments stack, including settlement and clearing, stablecoin issuance, foreign exchange, asset management, compliance, and merchant acceptance.
John Nahas, Chief Business Officer at Ava Labs, commented on the development, stating, “The future of global payments won’t be built by a single company, product, or payment rail. It will be built by interconnected ecosystems.”
Involvement of the collectives
Tassat’s Lynq network migrated to a dedicated Avalanche Layer 1 in April 2026 and functions as an institutional settlement layer. It connects more than 30 participants, including Fireblocks, Galaxy, and Wintermute, and includes over $2.5 trillion in transaction history from traditional banking infrastructure.
Other participants, such as SETTL, zerohash, and Anchorage Digital, offer regulated custody and banking tools. Stablecoin-related entities, including Agora, Paxos, Ethena, and the Wyoming Stable Token Commission, supply digital dollar infrastructure. These support settlement activity outside traditional banking hours for payments, treasury operations, and cross-border transactions, along with compliance features such as transaction monitoring and Travel Rule support.
Axiym provides on-demand liquidity services for cross-border payments. Nonco operates an institutional foreign exchange venue connected to over 350 liquidity providers. Franklin Templeton (BENJI fund) and VanEck (VBILL) participate in tokenized securities, while OpenTrade and Grove are involved in yield and credit infrastructure.
Merchant and business payment services involve NHN KCP, OatFi, Rise, and Request Finance. B2B stablecoin payment volumes grew over 700% year-over-year in 2025, according to the announcement.
What this could mean for blockchain payments
The Avalanche Payments Collective could support further integration of blockchain infrastructure into traditional finance, potentially improving settlement speed, reducing costs in cross-border payments, and enabling 24/7 operations through stablecoins and tokenized assets. Greater collaboration among asset managers, banks, and payment providers may drive innovation and liquidity in digital financial tools.
However, challenges remain. Regulatory clarity around stablecoins, tokenized securities, and cross-border compliance is still evolving, which could slow adoption. Technical integration with legacy systems may prove complex, while reliance on a single blockchain raises questions about network risks, competition from other platforms, and whether these initiatives will deliver measurable improvements in efficiency at scale. Outcomes will depend on execution and broader market conditions.
Kraken deepens its Avalanche push
In a separate development, last month, Kraken added Avalanche (AVAX) staking for eligible clients, allowing them to earn rewards on their holdings. The platform offers three options: bonded staking with up to 10% APY for a limited time (then up to 7%); auto earn; and flexible staking at up to 3.5% APY.
Rewards are automatically restaked. Kraken manages all technical elements, including validator operations and reward distribution, so users do not need to handle staking setup or maintenance themselves.
What’s next
Whether this coordinated approach will deliver gains in efficiency, cost reduction, or broader adoption remains to be seen. Industry analysts will likely watch for actual transaction growth, integration with legacy financial systems, and regulatory developments in the coming months.
The initiative adds to a growing list of blockchain efforts aiming to reshape how value moves internationally.
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