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XPlace, Credit Coop team up to scale card settlement through on-chain credit

Tuesday, July 28, 2026 — 16:17:13 (UTC)

XPlace Partners With Credit Coop to Scale Card Settlement Through On-Chain Credit

FOR IMMEDIATE RELEASE

DUBAI - Tuesday 28 July, 2026 - Financial service platform XPlace today announced a partnership with Credit Coop, an on-chain structured finance protocol, to finance card settlement through Credit Coop’s credit rails. The new structure reduces XPlace’s reliance on capital deposited in advance to cover card transactions, allowing its settlement capacity to scale as member spending grows.

Traditionally, card programs maintain pre-funded floats to ensure that transactions can be settled, tying spending capacity to the amount of capital committed upfront. Through Credit Coop, XPlace can instead access revolving on-chain credit to finance settlement as it is needed. This makes the infrastructure supporting the XPlace card more capital-efficient and more responsive to member demand.

During its first three days, the XPlace facility processed $459,000 in volume and reached $100,000 in active loans.

“XPlace was built so digital wealth could function as everyday financial infrastructure, and that requires settlement capacity that can keep pace with our members,” said Artem Ponomarev, Founder and CEO of XPlace. “Credit Coop gives us a more capital-efficient foundation for scaling card volume. Instead of having our capacity capped by pre-funded float, we can finance settlement dynamically and expand alongside member demand.”

The partnership strengthens the financial infrastructure behind XPlace as the company evolves from a crypto card into a broader self-directed digital wealth platform. By increasing the efficiency and scalability of card settlement, XPlace can support continued growth in member spending without having to pre-fund the same level of capital in advance.

About XPlace

XPlace is a financial platform built for crypto’s high-net-worth generation - people whose wealth is digital and who want to live off it without selling. Through a Visa card and on-chain borrowing, members spend against their portfolios, earn yield through Kamino on Solana, and access membership tiers from Basic to Platinum. Non-custodial by design. XPlace makes money only when its clients do, through a credit spread, membership and FX, keeping incentives aligned.

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Source: Company press release.

Categories: Partnership