Global stablecoin infrastructure provider Yellow Card has acquired GoMoney Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., a Brazilian virtual asset service provider, establishing direct operations in Brazil and strengthening its presence in Latin America.
The acquisition, completed in October 2026, follows GoMoney's application to the Banco Central do Brasil for authorization to operate as a virtual asset service provider under Law No. 14,478/2022 and BCB Resolution No. 519/2025. GoMoney continues to operate under Brazil's transitional regime while its application for full authorization remains subject to the central bank's review and approval.
The move adds local collections and disbursements in Brazilian reais, including through Pix, and settlement in stablecoins for Yellow Card clients, delivered through a locally established provider and integrated with the company's treasury and liquidity services. "Building global financial infrastructure requires compliance with local frameworks, local payment rails, and local expertise and relationships to operate effectively," said Chris Maurice, Co-Founder and CEO of Yellow Card. "GoMoney has built a strong foundation in Brazil over the last eight years, and bringing our businesses together will allow us to deliver greater value to customers while accelerating our long-term ambitions."
Brazil represents a significant opportunity for stablecoin-powered financial services. According to Chainalysis, Brazil recorded $252.5 billion in cryptocurrency activity between July 2025 and June 2026, making it Latin America's largest cryptocurrency market. The report also found that stablecoin activity in Brazil increased 495 per cent across its 2024–2026 comparison period, driven by growing business use cases including cross-border transfers and liquidity management.
GoMoney, founded in 2018 and headquartered in São Paulo, will continue to be led by its founders as a wholly owned subsidiary of Yellow Card. "We have spent the last eight years building a virtual asset service provider business in Brazil focused on using stablecoins as a means of effecting cross-border payments, similar to what Yellow Card has been doing in Africa and globally over the same period," said Maurício Pires, a founder of GoMoney and its chief executive. "We are excited to become part of the Yellow Card team, and look forward to expanding our business in Brazil and throughout Latin America."
The acquisition follows a period of significant growth for Yellow Card, including a $40 million financing round in August 2026 with investments from Standard Chartered Bank and Sony, and recent regulatory approvals and registrations in Canada, Switzerland, Nigeria, Ghana and Zimbabwe.