Avalanche launched the Avalanche Payments Collective today, bringing 28 organizations into a formal group focused on blockchain payment infrastructure.
The initiative covers settlement, stablecoins, treasury tools, foreign exchange, custody, compliance, and merchant acceptance. It also includes cross-border payments across its network.
The group formalizes an existing set of firms building payment tools on Avalanche. Members include Franklin Templeton, VanEck, WisdomTree, Agora, Paxos, Rain, Axiym, Ethena, Anchorage Digital, Tassat, Nonco, SETTL, zerohash, Core, OatFi, Rise, Kraken, OpenTrade, NHN KCP, Request Finance, and the Wyoming Stable Token Commission. The collective serves as a single structure to cover these companies in payments.
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Avalanche Expands Institutional Settlement Through Lynq
According to Ava Labs Chief Business Officer John Nahas, a single company, a single product, and a single payment rail will not create global payments. According to him, the sector would be created by interconnected ecosystems. His remarks pointed to this being a concerted industry effort.
Avalanche is already supporting institutional settlement activity via Lynq by Tassat. The Lynq bridge to a dedicated Avalanche Layer 1 was completed in April 2026. The network operates as an institutional settlement layer.
Lynq connects more than 30 participants. These include Fireblocks, Galaxy, and Wintermute. The network also includes more than $2.5 trillion in transaction history from traditional banking infrastructure.
Several members offer regulated custody and banking services. SETTL, zerohash, and Anchorage Digital support this part of the payments ecosystem. Their services enable institutional access to a blockchain-based settlement system.
Stablecoin providers also form a major part of the group. Agora, Paxos, Ethena, and the Wyoming Stable Token Commission provide digital dollar infrastructure. These tools enable settlement outside the normal banking hours.
The announcement said the services can support payment flows, treasury management, and cross-border transfers. They also feature compliance tools, like transaction monitoring. The Travel Rule support is also part of the infrastructure.
Avalanche Collective Expands Cross-Border Payment Infrastructure
Axiym is offering cross-border payments and liquidity services on demand. Nonco runs an institutional foreign exchange platform. It has access to over 350 liquidity providers.
The collective includes asset managers as well. Franklin Templeton’s involvement is in the form of its BENJI fund. VanEck participates through VBILL, with Grove and OpenTrade adding yield and credit infrastructure.
NHN KCP, OatFi, Rise, and Request Finance are all merchant/business payment services. According to the announcement, B2B stablecoin payment volumes have increased by over 700% year over year in 2025. That growth was included among the payments’ backdrop.
Collective Avalanche Payments can assist in bridging the gap between blockchain payment companies and traditional financial institutions. Its areas of focus are settlement speed, cross-border costs, stablecoin usage, and tokenized asset infrastructure. The announcement did not provide transaction targets for the group.
The launch comes after the recent Avalanche update from Kraken. Kraken introduced the option for eligible clients to stake AVAX last month. The exchange provided bonded staking, auto-earn, and flexible staking.
Kraken said rewards are automatically restaked. The platform is responsible for operating validators and distributing rewards. Going forward, the collective’s growth will be reliant on adoptions, transactions, legacy finance integration, and regulatory developments.
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