Stanbic Bank Ghana and RD Technologies said they are working together to examine a bank-led cross-border trade settlement model supported by stablecoin technology. The initial focus is on business-to-business payments from Ghanaian companies to suppliers in Asia, with the next phase covering regulatory engagement, technical validation, and preparation for a pilot.
Under the proposed structure, Stanbic Bank Ghana would remain the customer-facing bank. It would handle onboarding and account opening, KYC reviews, transaction approvals, local-currency settlement, and related local compliance oversight. RD Technologies would provide payment technology, digital asset infrastructure, access to its Asian settlement network, and coordination for offshore settlement.
The two sides said they plan to assess how digital asset settlement infrastructure could complement existing banking services and deliver a more efficient and transparent trade payment experience within a regulated banking system. They also plan to form a project team to move forward with technical testing and the design of a controlled pilot.
Stanbic Bank Ghana and RD Technologies said they are collaborating to explore a bank-led cross-border trade settlement solution supported by stablecoin technology.
The first phase will focus on business-to-business trade payments made by Ghanaian companies to suppliers in Asia. The next stage will cover regulatory engagement, technical validation, and preparations for a pilot.
Roles split between banking services and digital asset infrastructure
The two companies said they plan to assess how digital asset settlement infrastructure could complement existing banking services and offer a more efficient and transparent trade payment experience within a regulated banking system.
Under the proposed arrangement, Stanbic Bank Ghana will continue to serve as the bank directly handling customers. Its responsibilities include customer onboarding and account opening, KYC reviews, transaction approvals, local-currency settlement, and related local compliance oversight.
RD Technologies will provide payment technology, digital asset infrastructure, access to its Asian settlement network, and coordination for offshore settlement.
Stablecoin technology to support the underlying settlement flow
The companies said stablecoin technology will support the underlying cross-border settlement process, while corporate clients will access the related banking services through Stanbic Bank Ghana.
They also plan to set up a project team to advance technical testing and the design of a controlled pilot.
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