Overview
- National payments firm Conexus, which says it handles about 40% of electronic transfers, is building the blockchain system for banks.
- Banks would offer crypto custody, on-network transfers, and fiat–crypto exchange without external providers.
- Initial support is expected to include Bitcoin and Tether’s USDT, with any broader asset list not yet confirmed.
- Conexus projects a possible launch by December 2025, though timing and scope depend on ongoing development and regulatory decisions.
- Company president Rodolfo Gasparri frames the plan as bringing protection and oversight to activity now conducted through informal channels.