Sokin, a global business payments platform founded in 2019, announced on March 17, 2026, its acquisition of Genpaid alongside the launch of stablecoin capabilities. Sokin acquires Genpaid, a multichain non-custodial stablecoin payments company, to integrate advanced crypto infrastructure. The deal terms remain undisclosed. Sokin defines its updated platform as a hybrid finance solution unifying traditional currency operations with stablecoin accounts, settlement, and on/off ramps. The acquisition accelerates Sokin’s rollout of stablecoin features, live for select clients today.
Acquisition Overview
Sokin acquires Genpaid to own its full stablecoin technology stack, including multichain payments with AI-compatible and agentic capabilities on protocols from Coinbase and Google. Genpaid founder Ross Kolodyazhnyi joins Sokin as Senior VP of AI and Crypto Payments to lead the stablecoin solution.
The launch represents phase one of a 2026 rollout. Select clients can now open stablecoin accounts, send/receive globally, and convert between fiat and stablecoins in the same dashboard as traditional accounts. Upcoming phases include stablecoin swaps, embedded merchant payments, yield on balances, and expanded APIs.
About the Companies
Sokin enables businesses to send/exchange 70+ currencies, hold 26 currency balances via IBAN/local accounts, and manage cross-border payables, receivables, and treasury. Headquartered in the UK, it has offices in the US, Canada, UAE, Singapore, Mexico, Norway, and India.
Genpaid, acquired by Sokin, provides multichain non-custodial stablecoin payments and finance tools. Sokin integrates Genpaid’s infrastructure to eliminate user-facing complexities like private keys or blockchain fees.
Stablecoin features now include:
- 24/7 global payments without delays or intermediaries.
- Fiat-stablecoin conversions in 170+ countries via banking partnerships.
- Support for USDC, USDT, USDS, PYUSD, EURC on Tron and Ethereum.
- Automatic cross-border routing via stablecoin rails.
- APIs for fintechs and embedded payments.
- Ecommerce acceptance via Sokin Checkout.
- Yield on stablecoin holdings.
Key Figures
- Vroon Modgill, CEO and Founder of Sokin: “We’re building infrastructure to make payment rails invisible. Stablecoins upgrade global commerce.”
- Ross Kolodyazhnyi, ex-Genpaid founder, now at Sokin: “Sokin’s regulated infrastructure combined with Genpaid’s tech creates an exceptional proposition.”
Strategic Impact
Sokin acquires Genpaid to differentiate from competitors relying on third-party stablecoin tools. The hybrid platform routes payments optimally fiat-in, fiat-out using stablecoins for speed and cost savings where beneficial. This trend aligns with ongoing capital inflows and funding activity such as MetaComp Raises $35M. This supports growing stablecoin adoption on high-volume networks like Tron and Ethereum.
