Cregis, a Hong Kong-based provider of digital asset payment and custody infrastructure, has entered the U.S. market by establishing an office in Brooklyn, New York. The expansion targets financial institutions, payment service providers and fintech companies seeking infrastructure for digital asset wallets, payments, settlement and governance. The move comes as stablecoin markets grow, while research suggests that business adoption remains uneven and depends on operational needs, risk controls and integration with existing payment systems.

Cregis Opens New York Office to Expand Digital Asset Infrastructure

Digital asset infrastructure provider Cregis has established a U.S. office in Brooklyn, New York, marking its entry into a market where financial institutions and payment companies are evaluating how stablecoins and other digital assets fit into existing financial operations.

Founded in 2017 and headquartered in Hong Kong, Cregis provides wallet technology, payment processing infrastructure, fund flow orchestration and custody-related tools for businesses. The company says it serves more than 4,000 businesses across over 50 countries and regions, with cumulative transaction volume exceeding $300 billion. These are company-reported figures; Cregis has not disclosed how much of that activity comes from stablecoins or U.S.-based customers.

The new office is intended to help the company build relationships with U.S. financial institutions, payment service providers and fintech businesses. Cregis also exhibited at Money20/20 USA 2026 in Las Vegas, held October 18–21, as part of its U.S. market entry.

Stablecoin growth does not guarantee enterprise adoption

Cregis is entering the U.S. market as stablecoins gain visibility as a potential component of digital payments and settlement infrastructure. The company’s announcement cites Federal Reserve data placing the stablecoin market at approximately $317 billion in capitalization in April 2026, more than 50% above early 2025 levels.

However, market capitalization does not directly measure how extensively businesses use stablecoins for payments. A September 2026 Cleveland Federal Reserve report, also cited in the announcement, found that only eight of 148 surveyed businesses in its district were using or planning to use stablecoins. Respondents pointed to limited demand and satisfaction with existing payment methods among the reasons for not adopting them.

The findings highlight a distinction between the growth of digital asset markets and the operational requirements of enterprise payment systems. Businesses evaluating stablecoins must consider integration with existing finance platforms, transaction authorization, custody arrangements, regulatory obligations and internal controls. For many organizations, established payment methods may remain more practical unless a digital asset-based alternative solves a specific business problem.

Cregis is positioning its infrastructure around that integration challenge. Rather than focusing exclusively on crypto-native businesses, it targets traditional financial companies that may want to introduce digital asset capabilities without building all the underlying technology themselves.

Wallets, payment orchestration and custody

Cregis describes its platform as combining three core capabilities: Wallet-as-a-Service (WaaS), fund flow orchestration and custody infrastructure.

Its Wallet-as-a-Service offering provides wallet infrastructure for businesses building digital asset workflows. The company’s multiparty computation (MPC) technology supports transaction authorization and access controls. MPC-based approaches can distribute cryptographic signing responsibilities across multiple parties or components, reducing reliance on a single private-key location. Their effectiveness still depends on implementation, security architecture and operational procedures.

The company’s Payment Engine is designed to support digital asset collections, payouts and settlement. Fund flow orchestration can help businesses coordinate transfers across different operational steps, while approval workflows and audit trails provide mechanisms for oversight and recordkeeping.

For payment service providers, these capabilities could support digital asset payment products without requiring every component to be developed internally. Financial institutions and foreign exchange businesses may also assess such infrastructure for cross-border transfers, treasury operations or settlement use cases, depending on applicable regulations and their own risk policies.

The company has not specified which U.S. payment corridors, assets, banking partners or production deployments it intends to prioritize. The announcement therefore establishes its market presence, but does not yet demonstrate the scale of U.S. commercial adoption.

International expansion provides a reference point

Cregis’s U.S. move follows its expansion into the Middle East. The company established Dubai as its regional hub in 2024 and says it developed approximately 200 long-term enterprise clients with active deployments in the region over the following two years. More than half reportedly came from foreign exchange and other traditional financial businesses.

That customer mix may be relevant to Cregis’s U.S. strategy because it suggests the company is targeting organizations beyond the Web3 sector. Traditional financial firms typically require digital asset infrastructure to fit existing compliance, authorization and reconciliation processes, rather than operate as a separate technology environment.

Still, the company’s reported Middle East client base does not establish how quickly it will gain U.S. customers. Market entry will depend on local partnerships, technical integration, regulatory requirements and the commercial value of its services relative to existing providers.

Compliance and security will shape U.S. expansion

Cregis says it holds a Hong Kong Trust or Company Service Provider licence and is registered with the U.S. Financial Crimes Enforcement Network (FinCEN). It also cites SOC 2 Type I, SOC 2 Type II and ISO 27001 certifications as part of its security framework.

These credentials address aspects of business registration, security controls and operational processes, but they should not be interpreted as blanket authorization to provide every type of financial service in the United States. Applicable obligations depend on the activities performed, the assets and customers involved, and the relevant federal and state requirements.

For prospective customers, vendor due diligence will also involve examining custody responsibilities, incident response, access controls, business continuity, auditability and integration with internal compliance systems.

Cregis’s Brooklyn office gives the company a local base from which to pursue these relationships. Its longer-term position will depend on whether it can convert that presence into deployments that meet enterprise requirements and deliver measurable operational value. As stablecoin markets expand, infrastructure providers will need to demonstrate not just technical capability, but also how their platforms fit within regulated businesses’ existing payment and risk frameworks.

Market Landscape

Digital asset infrastructure providers are targeting businesses that want to integrate wallets, stablecoin payments, settlement and custody functions into existing financial operations. Cregis’s U.S. entry reflects this market opportunity, while Federal Reserve research cited in the announcement underscores that business adoption remains limited despite growth in stablecoin capitalization.

Cregis is differentiating its offering around a combination of wallet infrastructure, payment orchestration, custody tools and governance features. Its reported experience in Asia-Pacific and the Middle East provides a commercial reference point, but U.S. adoption remains unproven.

The company’s growth will depend on integration capabilities, customer demand, security controls, regulatory fit and the availability of compelling use cases compared with traditional payment systems. Its U.S. office marks the start of that expansion rather than evidence of established market traction.

Top Insights

• Cregis has established a Brooklyn office to build relationships with U.S. financial institutions, payment providers and fintech businesses.
• The company combines wallet infrastructure, payment orchestration and custody-related tools, including MPC-based technology and transaction governance features.
• Federal Reserve figures cited in the announcement show stablecoin market growth, while Cleveland Fed research indicates limited adoption among surveyed businesses.
• Cregis reports more than 4,000 business customers across over 50 countries and regions, but has not disclosed U.S.-specific customer or transaction figures.
• Its U.S. prospects will depend on practical enterprise use cases, security controls, regulatory requirements and integration with existing financial operations.

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