At the core of Baanx’s offering is its OpenFi infrastructure. This platform enables businesses to integrate non-custodial debit cards, allowing customers to spend directly from their self-custody wallets. They also support custodial cards for customers who prefer a more managed approach, combining the world of crypto and fiat payments.
Baanx provides multi-chain bridging services, facilitating frictionless transfers between different blockchains. For users who want to convert between assets, their swap functionality allows secure and intuitive asset conversion. On the lending side, Baanx enables users to borrow against their digital assets — unlocking liquidity while retaining ownership.
In 2025, Baanx introduced a Rewards Wallet, leveraging Circle’s developer infrastructure. This wallet gives users real‑world incentives for using their crypto: cashback, subscription perks, referral bonuses, and other rewards — all while keeping control of their assets.
On the regulatory front, Baanx is regulated: it holds an Electronic Money Institution (EMI) license in the UK and EU/EEA, and a Credit Broking License in the UK, which ensures its financial services are compliant and secure.
Baanx has a rich partnership ecosystem: they’ve teamed up with technology and blockchain leaders like MetaMask, Ledger, 1inch, Visa, and Mastercard to deliver widely accessible and secure crypto payment solutions. Their experience in the crypto card space is significant, with over five years of development in offering spendable crypto.
One of their notable products is the CryptoLife app, built on the Tezos blockchain. It allows users to manage their Tezos (XTZ), access Baanx’s Cryptodraft lending (up to 50% LTV), and use their crypto for everyday purchases via a debit card.
Overall, Baanx is redefining how people use digital assets — making it possible to integrate crypto into everyday life, whether through spending, borrowing, or rewards — all backed by robust, regulated infrastructure and deep Web3-native capabilities.
