Global Self-Custody Bank aims at users in 160+ countries
Hesab has chosen Movement as the exclusive stablecoin settlement layer for its new Global Self-Custody Bank. The company announced the deal in San Francisco on 7 July 2026. The platform targets users in more than 160 countries, with a focus on emerging markets.
Across the world, about 1.4 billion adults remain unbanked. Hundreds of millions more rely on accounts they do not fully control and face inflation, currency controls and frozen deposits. Hesab says it has spent a decade serving those users and is now pushing further into Africa and the Middle East.
At present, Hesab processes $160 million across more than 1 million transactions each month. It also accepts funding from more than 20 channels, including bank transfers, debit cards, credit cards, ApplePay and GooglePay. Following the Movement tie-up, the company plans to build its next phase around self-custody and cross-border settlement.
Movement provides stablecoin settlement and yield infrastructure for these markets. Its network connects to licenced payment rails in the United States, Canada and the European Union. Because of that regulated reach, fintech firms can access compliant fiat on and off ramps instead of only moving tokens between wallets.
Hesab is the first major platform to build on Movement’s infrastructure. That setup lets fintechs avoid holding billions in pre-funded float. It also replaces slow correspondent banking routes with real-time stablecoin settlement across corridors.
DFNS, Circle and Tether
DFNS will provide programmable wallet infrastructure for the bank. That will let Hesab issue millions of non-custodial wallets at scale, while users keep their own keys without managing seed phrases. Circle’s CCTP will move native USDC across blockchains, and Tether will supply USDT liquidity in corridors where it is the preferred dollar-denominated store of value.
Sanzar Kakar, chairman of Hesab, said: “Money should move at the speed of trust. Instantly, without permission, across any border.” He said Hesab picked Movement for its speed, composability and focus on emerging markets.
Meanwhile, Movement says its model fits how many unbanked users already move money. CEO Torab Torabi said those customers often use mobile money and informal transfer systems. He argued that Hesab offers them a self-custody bank with global access and no traditional middleman.
