Visa and Brale are teaming up to test private stablecoin settlement using SBC technology on the Canton Network. The initiative, still in the exploratory phase, aims to see whether large-scale, permissioned blockchain infrastructure can handle stablecoin transfers between financial institutions without relying on public blockchains.
Why private settlement matters
Most stablecoin transactions today run on public networks like Ethereum or Solana, where everything is visible — and transaction speeds can lag. A private network could give banks and payment firms more control over settlement finality and privacy. Visa, already a major player in cross-border payments, wants to see if that setup works for its partners.
Brale's role
Brale is a little-known fintech that builds stablecoin issuance infrastructure. For this test, Brale is likely providing the stablecoin minting and redemption rails, while Visa handles the payment side. The Canton Network, developed by Digital Asset, runs on permissioned smart contracts called SBC — but what that acronym stands for hasn't been disclosed.
The companies haven't released a timeline for when a live product might emerge. The next step will probably involve a pilot with a small group of Visa's bank clients, assuming the tests prove reliable. Until then, stablecoin settlement on this private track remains an experiment — one that could reshape how banks move money if it works.
