Clear Junction, a specialist in global payments and banking infrastructure for regulated financial institutions, has extended access to its named virtual IBAN (vIBAN) services to licensed virtual asset service providers (VASPs), a functionality previously limited to banks and electronic money institutions (EMIs). A named vIBAN is a unique code assigned to an individual customer for sending and receiving payments without creating a separate payment account. This approach enables full traceability of funds, streamlines reconciliation, enhances Anti-Money Laundering (AML) and Know Your Customer (KYC) processes, and fosters greater institutional trust. By offering this capability to European and UK-licensed crypto asset providers, Clear Junction aims to strengthen the fiat infrastructure available to regulated crypto firms and help them overcome long-standing barriers to accessing reliable account services. This initiative aligns with Clear Junction’s broader strategy to bridge the fiat and digital asset ecosystems through enterprise-grade, compliance-focused infrastructure. As regulatory clarity improves across key markets, including the EU’s Markets in Crypto-Assets (MiCA) framework and the UK’s new crypto registration requirements, crypto companies are under growing pressure to meet higher standards of compliance, AML screening, and auditability. Many still face institutional gatekeeping and outdated banking systems that restrict access to essential fiat services, often leading to reliance on high-friction workarounds or intermediaries. Clear Junction’s named vIBANs address these challenges by providing digital asset providers with direct access to fiat settlement capabilities and customer-level account referencing. This unlocks a range of crypto-specific use cases, including me-to-me transfers, fiat-to-crypto conversions, and automated treasury operations, boosting operational efficiency, reducing risk, and enabling crypto-native institutions to deliver bank-like services comparable to traditional fintechs and EMIs. Dima Kats, CEO and Founder of Clear Junction, stated: “The virtual asset ecosystem has matured rapidly, but fiat infrastructure has often lagged behind. We’re closing that gap, and this launch is another step toward normalising crypto within the global payments ecosystem. We’ve long understood that VASPs face an uphill battle accessing fiat services, even when they’re fully licensed and compliant. This launch is about solving that pain point with a practical, scalable solution. By extending named vIBANs to digital asset providers, we’re giving regulated crypto institutions the tools they need to scale responsibly, with full compliance and greater operational clarity.” Example use cases for the extended service include wallet operators assigning unique vIBANs to individual users for fiat deposits and withdrawals with reference-free reconciliation, crypto exchanges managing multiple jurisdictions and currency pairs with cleaner fund flows, Over-The-Counter (OTC) desks executing high-volume fiat-to-crypto conversions under tighter operational controls, and token issuers streamlining fiat treasury flows across ecosystems. This service complements Clear Junction’s broader digital asset offering, which includes instant fiat deposits and withdrawals, EUR and GBP payment rails via SEPA and Faster Payments (FPS), on/off-ramp solutions for fiat-to-crypto transactions, and on-chain transfers through its stablecoin payment service supporting USDT and USDC on Ethereum, Solana, and Tron networks. The expanded vIBAN service is supported by Clear Junction’s regulatory expertise and a technology platform designed for regulated institutions. The group is one of the few UK-based entities licensed as both an Electronic Money Institution and a crypto-asset service provider by the Financial Conduct Authority (FCA), positioning it to support the evolving needs of the digital asset sector. Founded in 2016, Clear Junction provides financial institutions with access to accounts, vIBANs, payment networks, FX services, and e-wallets, ensuring compliance with regulatory requirements. The company’s infrastructure is designed to reduce time to market, expand access to new regions, and power faster, more secure global payments. The Clear Junction Group includes several regulated entities across the UK, EU, and Canada, offering payment and crypto-asset services, including Clear Junction Limited (an EMI authorised by the UK FCA), Clear Junction Digital Limited (an FCA-registered crypto-asset business), CJ Digital EU B.V. (registered with De Nederlandsche Bank (DNB)), and Clear Junction Canada Limited (an MSB registered with FINTRAC). Across the group, Clear Junction offers access to interbank clearing through its own BIC, virtual account issuance, and a range of B2B payment and treasury services, serving hundreds of financial institutions.