News, data and analysis on tokenized assets, market design and digital economic systems.
Stablecoin payments company founded in 2016 that converts local currency into dollar tokens and back for businesses across African and other emerging markets, holding a Botswana virtual asset service provider licence and a Category I licence from South Africa's FSCA.
Stablecoin payments company founded in 2016 by Chris Maurice and Justin Poiroux, which converts local currency into dollar tokens and back for businesses across African and other emerging markets and sells that capability as an API and a treasury portal. Its parent is a Delaware corporation registered with FinCEN as a money services business; subsidiaries hold a virtual asset service provider licence from Botswana's NBFIRA issued on 29 September 2022, a Category I financial services provider licence from South Africa's Financial Sector Conduct Authority (FSP 53790), an entry in Poland's virtual currency register and financial-crime reporting registrations in Zambia, Uganda, Ghana and Tanzania, while its Nigerian application to the Securities and Exchange Commission's accelerated regulatory incubation programme was recorded as pending in July 2025. It agreed with Visa in June 2025 to test stablecoin treasury operations and Visa Direct cross-border integrations, and in June 2026 added anti-money-laundering affiliation in Switzerland so institutional clients can reach its emerging-market settlement network through a Lugano entity.
Developments in which Yellow Card is a named party, newest first.
SC Ventures, the Sony Innovation Fund, Polychain Capital and Blockchain Capital back the pan-African payments company's dollar-account business, taking its equity financing past $120m as it moves into Latin America and the Asia-Pacific.
Mastercard and the African digital-asset platform Yellow Card announced a partnership on 7 May 2026 to build stablecoin-based payment and settlement rails across Eastern Europe, the Middle East and Africa.
Yellow Card closed a $40m strategic round on 4 August 2026 from SC Ventures by Standard Chartered, the Sony Innovation Fund, Polychain Capital and Blockchain Capital, taking total equity financing past $120m. The money goes to Global USD Accounts, its dollar account for businesses, and to extending its stablecoin rails into Latin America and the Asia-Pacific.
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
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