Yellow Card, the stablecoin infrastructure provider operating across Africa and other emerging markets, has secured a regulatory anti-money laundering (AML) affiliation in Switzerland, allowing it to offer regulated virtual asset-related services through a supervised Swiss entity.
The approval enables institutional and corporate clients to access Yellow Card’s stablecoin infrastructure through its Swiss subsidiary, providing a regulated entry point for businesses and financial institutions looking to move capital into emerging markets using stablecoins.
The regulatory approval comes seven months after Yellow Card discontinued its retail trading business to focus on its business-to-business infrastructure operations. The company noted at the time that it was doubling down on providing regulated, institutional-grade infrastructure for businesses as a response to the growing demand from enterprises using stablecoins for cross-border payments and treasury management.
Since then, Yellow Card has expanded its enterprise offerings through partnerships with companies including Visa, Mastercard, Western Union, Thunes, and MoneyGram.
Originally published by TechCabal.