Financial institutions do not evaluate a payment rail on speed. They evaluate the counterparty, the regulatory position, the operational controls and what happens when something fails.
This page answers those in that order, and is explicit about the authorisations that are still in progress rather than burying them.
NGPES is a France-based payments infrastructure company holding Payment Institution status, with EMI and CASP authorisations in progress.
Selected MiCA-compliant stablecoins in a custodial wallet. Fiat is not held, it moves through a linked IBAN.
Counterparties pre-registered, sources whitelisted, unknown inbound funds held pending contact.
Real-time balances and a full transaction history exportable to CSV or Excel.
An institution needs the current state rather than the direction of travel, so this is the current state.
| Position today | |
|---|---|
| Payment Institution | Held. |
| EMI | In progress, through NGPES Payments in France. |
| CASP | In progress, through NGPES Digital in France. |
| GDPR and DORA | Compliant. |
| ISO 27001 and SOC 2 Type II | In progress. |
| Stablecoin issuance | NGPES does not issue a stablecoin. Supported assets are issued by others. |
Services become available only upon obtaining the relevant CASP and EMI authorisations. Any institution running a supplier assessment should treat that as the gating item and ask the team for the current status rather than relying on a web page, because it moves.
A narrow list looks like a limitation until you are the one signing off the counterparty risk.
The platform holds selected MiCA-compliant stablecoins only. Assets outside that framework are not held, and Swap operates strictly between compliant assets. Funds arriving in a non-compliant asset are handled as an exception, case by case, rather than absorbed quietly.
For an institution, that constraint is the reason the conversation is possible at all. It means the exposure you are taking on is to issuers inside a defined regulatory perimeter, with redemption rights and reserve requirements attached, rather than to whatever an offshore venue happened to list this quarter.
The platform runs on a stablecoin settlement layer. Fiat is not held inside it. It moves in and out through a linked IBAN, and converts on the way through.
Most of the operational risk in cross-border payments comes from paying the wrong party, or taking money from a source you cannot account for. NGPES makes both a deliberate step.
Not as a replacement for the network, which is not on offer, but as an alternative for the specific leg where the chain adds the least value.
| Stage | Correspondent chain | This platform |
|---|---|---|
| Funding | Bank transfer | Bank transfer to a linked IBAN, converted on the way in |
| The middle | Multiple institutions, each with its own hours and checks | One stablecoin transfer, settling instantly once funds are available |
| Payout | Local clearing | Stablecoin to a counterparty, or fiat over traditional rails |
| Reconciliation | Statements from each participant | One history covering both legs, exportable |
For settlement between institutions specifically, see stablecoin settlement. For the underlying platform, stablecoin infrastructure.
Here is what each leg takes.
| Leg | Timing |
|---|---|
| Stablecoin transfer | Settles instantly within the platform, once funds have been received and are available. |
| Stablecoin to fiat conversion | Instant. |
| Fiat arriving at the recipient | Depends on the destination currency, the geography and the external banking rails involved. NGPES does not control this leg. |
| Fiat top-up | Depends on the inbound transfer reaching your linked IBAN. |
The digital asset layer is instant once liquidity is available, and the fiat legs at either end move at the speed of the banks involved. That is a large improvement on a correspondent banking chain, and it is not the same as end-to-end instant.
This is what the platform supports today.
| Position today | |
|---|---|
| Stablecoins | Selected MiCA-compliant stablecoins only. Assets outside that set are not held on the platform. |
| Non-compliant assets | Funds arriving in an asset that is not MiCA-compliant can be converted into a MiCA-compliant one, as a case-by-case exception, not a standing service. |
| Fiat | Moves in and out through the linked IBAN via on-ramp and off-ramp. Fiat balances are not held on the platform. |
| Swap | Between supported MiCA-compliant stablecoins only. |
| External accounts | You can register your own external bank accounts and wallet addresses. They are verified before use, and only for flows involving the same organisation. |
| Team management | Announced as coming soon. Not available yet. |
If a particular asset, currency or corridor matters to your business, ask us before you build around it.
Where NGPES is authorised today.
NGPES is based in France and the platform supports selected MiCA-compliant stablecoins only, by design. Services will become available only upon obtaining the relevant CASP and EMI authorisations.
What NGPES states today.
| What NGPES states | |
|---|---|
| Reach | Funds move across 150+ countries via SEPA, SWIFT and local rails. |
| Stablecoin settlement | T+0. |
| Fiat settlement | T+1. |
| Processing | 24/7/365, with no end-of-day batch. Everything is processed in real time. |
| Conversion | Instant conversion between fiat, in USD, EUR and GBP, and stablecoins. |
| Exchange | 24/7 fiat to stablecoin exchange, with OTC support. |
For a per-country arrival time, a fee, or the supported asset and network list, talk to the team.
No. NGPES is a payments infrastructure company based in France, holding Payment Institution status, with EMI and CASP authorisations in progress. Funds sit under a payments and digital asset framework rather than as bank deposits.
Selected MiCA-compliant stablecoins only. Assets outside that framework are not held.
No. The platform supports MiCA-compliant stablecoins issued by others.
Payment Institution status is held. EMI is in progress through NGPES Payments and CASP through NGPES Digital, both in France. Ask the team for the current position, because it changes.
Counterparties must be pre-registered with routing details attached, and sources must be whitelisted before funds can be received. Unknown inbound funds are held while support establishes the detail.
A real-time view of balances, activity and account-level liquidity, plus a full transaction history covering top-ups, transfers, payments and swaps, exportable to CSV or Excel.
NGPES states that real-time status and tracking are available through an API. The developer documentation is not published, so integration scope goes through the team.
Send the questionnaire. We would rather answer it early than late.
NGPES, Next Generation Payment EcoSystem, is a B2B payment infrastructure that enables businesses to send, receive, hold and move money efficiently across borders. Both fiat currencies and regulated stablecoins are integrated, for faster settlements, lower costs, and enhanced transparency. NGPES is based at 35 avenue de Friedland, 75008 Paris, and was ranked 83 in the Finance Innovation Fintech100 2025.
Interested in our solution? Talk to our team, or email sales@ngpes.com.
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