TBCASoft and Binance Pay have announced a cooperation aimed at expanding payment interoperability through the HIVEX Network. TBCASoft is a U.S.-based blockchain technology company that has previously developed consortium blockchain infrastructure for telecommunications carriers. HIVEX is TBCASoft's next-generation federated payment framework, designed to connect payment ecosystems, acceptance partners, and merchant networks across multiple markets.

At launch, the partnership extends HIVEX-enabled payment rails to approximately 48 million Binance Pay users worldwide. Binance Pay is the cryptocurrency payment platform operated by Binance, the world's largest digital asset exchange by trading volume. Eligible users will be able to make everyday purchases at millions of merchant locations, with the initial rollout beginning in Japan. Over time, the service is positioned to scale across Binance's broader ecosystem of more than 300 million users, with the goal of creating a secure, compliant, and interoperable network for Web3 payments on a global scale.

Under the cooperation, eligible Binance Pay users will be able to make QR-code-based payments using both CPM (Customer Present Mode) and MPM (Merchant Present Mode) at merchant endpoints operated by HIVEX Acceptance Partners. QR-code payments are already a dominant transaction method across many Asian consumer markets, making the format a familiar entry point for crypto-based point-of-sale payments. By connecting at the network level, the partnership creates an efficient and scalable model for expanding payment acceptance across participating markets, eliminating the need for separate bilateral integrations with each individual merchant network.

Binance Pay contributes a global user-side payment ecosystem supported by robust user verification, KYC (Know Your Customer), AML (Anti-Money Laundering), sanctions screening, and account security controls. HIVEX provides the acceptance-side connectivity and federated interoperability framework required to link participating payment ecosystems with licensed local acceptance partners, along with strong KYB (Know Your Business) and AML compliance across merchant jurisdictions.

The cooperation is structured to preserve the sovereignty of each participant ecosystem. Binance Pay retains responsibility for the eligible user relationship and user-side controls, while merchant acceptance and settlement are supported through HIVEX and its participating local acceptance partners under applicable local payment, compliance, and settlement arrangements.

The parties are working toward an initial rollout in Japan, with a planned launch in Q3 2026. Japan is one of the first major economies to establish a comprehensive licensing regime for cryptocurrency exchanges, having done so under the Payment Services Act. The launch is intended to demonstrate how a global digital payment ecosystem can connect with local merchant acceptance infrastructure through a secure, compliant, and interoperable network model. Both parties intend to expand the cooperation over time on the basis of mutual benefit and shared value creation, including additional payment scenarios, markets, and form factors.

More information about the HIVEX Network is available at hivexnet.com.