The infrastructure allows licensed banks to move euro- and dollar-referenced tokens across borders while keeping all transactions on their balance sheets under two concrete regulatory frameworks: the EU's Markets in Crypto-Assets regulation (MiCA) and the Basel Committee's SCO60 standard for bank capital treatment of digital assets.

The network operates using two electronic money tokens issued by Bison Bank: EUB, pegged to the euro, and USB, pegged to the US dollar. Both tokens launched on May 7, 2026, and carry full MiCA compliance under the European Union's crypto-asset regulation framework, making them the first stablecoins of their kind issued by a licensed credit institution in Portugal. Their compliant status is strategically significant: the EU's MiCA transitional period ends July 1, 2026, at which point issuers that have not yet secured authorization will be cut off from the bloc. Bison Bank is supervised by the European Central Bank and is wholly owned by Hong Kong's Bison Capital Holding Company Limited, connecting Asia-Pacific ownership with EU-regulated issuance. In 2022, Bison Bank also launched Bison Digital Assets (BDA), a crypto exchange and custody subsidiary, positioning the current electronic money token launch as a natural institutional progression rather than the debut of a new market entrant.

Remi's core design choice sets it apart from most blockchain payment projects: compliance is not a layer added on top of the software. Instead, rules covering anti-money laundering, sanctions screening, and the FATF Travel Rule (an international standard requiring sender and recipient information to travel with cross-border transfers) are written directly into the smart contracts themselves, operating across three distinct stages: pre-transaction screening, in-transaction risk interception, and post-transaction traceability. Remi has also publicly stated that its architecture is fully aligned with the Hong Kong Monetary Authority's inaugural stablecoin licensing criteria. For APAC-focused institutions, that declaration is a meaningful signal: Remi is positioning simultaneously for Hong Kong's emerging licensing regime and EU MiCA. The network supports SWIFT-compatible messaging interfaces, meaning banks do not need to replace existing systems to connect. Remi estimates that a new partner bank can reach operational status in roughly six to eight weeks.

For banks holding EUB or USB on their books, the tokens qualify for preferential capital treatment under Basel Committee standard SCO60, which took effect on January 1, 2026. Under that framework, a bank holding a qualifying electronic money token treats its capital requirements as equivalent to those for the underlying fiat currency. This structural feature sets Remi apart from the large share of stablecoin offerings that are not designed to qualify for bank capital treatment of this kind.

"Institutions moving money across borders deserve infrastructure built to institutional standards," said Sam Su, CEO of Remi Technology, in the Sui Foundation announcement.

António Henriques, CEO of Bison Bank, described the tokens as serving as "a secure bridge between traditional money and the digital future, a compliant, fast channel for cross-border payments."

The Sui blockchain provides the underlying settlement layer. Sui surpassed one trillion dollars in cumulative stablecoin transfers as of August 2025 and processed approximately 215 million transactions in the second quarter of 2026, compared to roughly 117 million for Ethereum over the same period.

On June 10, 2026, Sui activated gasless stablecoin transfers, allowing token movements without requiring users to hold SUI (Sui's native token) to pay transaction fees. That change is directly relevant to institutional use cases where end users are not expected to manage a separate gas token. Since that activation, the network has processed roughly 65 billion dollars in stablecoin transfers, according to CryptoNews.net. The broader B2B stablecoin market has grown sharply alongside that infrastructure: monthly volume exceeded 6 billion dollars by mid-2025, up from under 100 million dollars in early 2023, according to Tazapay data, illustrating the scale of the institutional segment Remi is entering.

The project carries particular weight for emerging markets in South Asia and Africa.

Sending money across these corridors remains expensive by any measure. The average remittance fee to Sub-Saharan Africa sits at between 7.7 and 8.16 percent, more than double the 3 percent target set by the United Nations Sustainable Development Goals. On many South Asian corridors, average fees run approximately 5 percent, according to Tazapay data. In both regions, traditional interbank settlement often involves multiple correspondent banks, adding both cost and delay.

Stablecoin-based transfers, by comparison, typically cost between 0.1 and 0.5 percent of the transaction value on an all-in basis. Asia-originating stablecoin payments already account for roughly 60 percent of global stablecoin payment volume, a figure that reached approximately 245 billion dollars based on Tazapay data.

Remi is not the only player targeting these corridors. In January 2026, payments platform Nala and UK-based Noah launched a stablecoin settlement network focused on Africa-to-Asia transfers, reporting 30x volume growth on Nala's B2B Rafiki API and a 100x increase in stablecoin on/off-ramp demand over 12 months.

Remi's institutional positioning sits at a different point on the market: it targets regulated banks rather than fintech intermediaries, which could make it a complement to rather than a competitor of platforms like Nala.

Looking ahead, Remi's network spans intended geographic coverage across Europe, Asia, Latin America, the Middle East, and North America.

The EU's MiCA transitional period ends on July 1, 2026, after which no grandfathering arrangements remain available for crypto service providers operating in the bloc. That deadline, now two weeks away, gives Bison Bank's already-compliant tokens a structural advantage over issuers still seeking licensing. Among MiCA's requirements for electronic money token issuers is a mandate that at least 30 percent of reserves be held at credit institutions, rising to 60 percent for tokens classified as significant. Bison Bank's status as an ECB-supervised credit institution means it is directly structured to meet that standard, adding practical weight to the compliance claims.

Whether Remi can convert regulatory early-mover positioning into actual bank partnerships across its target corridors will determine how much of the institutional stablecoin settlement market it captures in the months ahead.