Executive Summary
Kii moves money between emerging-market currencies and the dollar. The thesis is simple: that should be fast, cheap, and open to the businesses that need it. KiiChain’s mainnet went live on August 14, 2026, and KII is now available on several leading global exchanges.
Where the network stands today:
- Volume: more than $500M processed to date.
- Growth: about 10% month over month.
- Mix: 90% enterprise, 10% retail.
- Users: 350,000+ users and 200+ enterprise clients. Another 366,000+ joined the testnet.
- Live corridors: three. Colombian peso, Brazilian real, Mexican peso. Each runs on licensed local partners.
- RWA pipeline: $5.4B of real-world assets (RWAs) under signed tokenization agreements. Contracted, not yet issued.
Distribution. Nine partnerships are signed, and each one brings users or capital that Kii would otherwise have to win account by account. Spectre, a Colombian payments fintech, was the pilot and now sends about $2M a day. In On Capital, an SEC-registered advisor managing $385.4M, is onboarding the 60,000 merchants in its Panama network. Four Colombian commercial networks add more than 50,000 clients. Zepz.io onboarded in under a third of the time Spectre took, which is the clearest sign the model repeats. 1Money and Stable embed Kii as their foreign exchange (FX) layer, so their users move money without ever holding KII. ZigChain, Noon Capital and OrbitEarn put tokenized assets, yield vaults and savings products in front of users already on the rails. Together these partners drove enterprise flow to 90% of volume, and at maturity should produce $20M to $30M a day.
Infrastructure. Underneath sits the layer that makes the product legal, connected and liquid, in four groups. Licensed local entities run the fiat rails in Colombia, Brazil and Mexico. Bridges from Hyperlane, Union, rhino.fi, Rome and Euclid connect KiiChain to more than 100 other chains. Mansa, BIMA, Stabull and the RWA partners supply liquidity and the products users hold. OneBalance, Tria, JuliaOS and Polli.co handle the developer and wallet layer. Hacken audited the mainnet end to end before public launch.
What is next. Treasury-backed yield vaults in October, the dollar corridor and US virtual accounts in November, Argentina shortly behind. Japan, Europe, Chile and Peru follow through Q1 2027. Each one opens volume the signed partners cannot move today.
Why these partnerships matter
Rails are only worth something if money moves across them. Two kinds of partnership decide whether it does.
Distribution partnerships bring demand. Winning users one at a time is slow, and slower still in every market at once. So Kii plugs its FX and settlement layer into businesses that already hold the customer. One integration brings a whole user base. The partner keeps its brand and its interface. Kii moves the money underneath.
Infrastructure partnerships bring capability. An FX network cannot touch real money without licensed local entities to move it, bridges to reach other chains, issuers to mint stablecoins, and auditors to prove the system holds. Every corridor, meaning a two-way route between two currencies, rests on a regulated partner in that country. Without that layer, the product is a demo.
The rule for both: sign partners that bring demand or capability, not logos. Lead with a licensed entity in every corridor, then add a second so no corridor depends on one company. And serve both sides of the divide. A regulated US advisor and a crypto-native stablecoin network run on the same rails.
1. Distribution Partnerships
Every partner below is signed. Each brings existing users or capital onto Kii’s rails. Together they pushed enterprise flow to 90% of volume. Each is also a template: once a sector works, the integration repeats.
Spectre Signed, live, ~$2M daily volume
A Colombian fintech providing cross-border payment infrastructure for businesses. Rivals offered patchy corridor coverage and opaque pricing. Kii gave Spectre one compliant settlement layer that carried its volume from day one, now roughly $2M a day. Spectre was the pilot, and it set the onboarding pattern every later partner follows.
In On Capital Signed, live, 60,000 merchants onboarding
An SEC-registered investment advisor (CRD #290038 / SEC #801-117554) in Miami and Panama City, managing about $385.4M across 48 client accounts. A registered advisor cannot route client money through infrastructure it cannot evidence to a regulator. The usual banking route for Latin American currencies settles only in local banking hours, which strands funds over weekends and holidays. Building licensed FX in-house made no sense for a 48-account book. Kii gave In On 24/7 execution that holds up under examination.
In On is now onboarding the 60,000 point-of-sale merchants in its Panama network. Those businesses have long absorbed transfers of three to five days and fees that eat the margin. Kii replaces both with same-day settlement and below-market pricing. In On is also an investor in Kii’s $26M raise, led by a $20M round from Nimbus Capital.
Candy Global, AJ Aliados, Confiexpress and Ses & Osiris Group Signed, activating, 50,000+ clients
Four commercial networks serving more than 50,000 clients across Colombia. High fees, missing rails and slow settlement brought them to Kii as a single provider. Their merchants get KII as a payment method, 24/7 onchain FX, instant currency swaps and financial education on the ground, through channels they already use.
Zepz.io Signed, onboarding
Onboarding in under a third of the time Spectre took, and on pace to process one to two times the volume in half the time. First evidence that the template compresses with each repeat.
1Money Network Signed, live (phase 0)
Kii is the embedded onchain FX provider inside 1Money: 24/7 FX, fiat-to-stablecoin flows in Brazilian reais, Mexican pesos, Colombian pesos and Nigerian naira, dollar virtual accounts, and gasless settlement on KiiChain. A general-purpose crypto rail can price a swap, but it cannot put reais into a Brazilian bank account under Brazilian rules. Four currencies would have meant four licensed providers and four compliance reviews. Kii covers all four behind one FX layer, and gasless settlement means 1Money’s users never hold KII to move money. Volume is growing month over month.
Stable Signed, live
Kii is the dedicated onchain FX provider for Stable, with KIIEX, Kii’s exchange and liquidity venue, supporting the network directly. Instant FX means four things holding at once: routing an order, sourcing local liquidity, settling in local currency, and meeting a standard Stable’s users can be onboarded against. Building all four in every market, and staying licensed in each, is a second company. Stable chose to buy FX rather than build it.
ZigChain Signed, integrating
ZigChain connects tokenized RWAs in Latin America to global liquidity. Its assets are priced in local currencies while its investors hold dollars, so every subscription and redemption is an FX event before it is an investment. Kii already runs that leg in those corridors.
The integration opens $5.4B of contracted tokenized LATAM assets to ZigChain’s investors, with no origination work on its side. Revenue comes from both sides: settlement fees on transactions, plus a commission on each RWA deal. As ZigChain adopts those assets, value locked on Kii rises and volume follows.
Noon Capital Signed, live on testnet, full launch pending
Noon brings institutional-grade, yield-bearing stablecoins to Kii across Latin America. At launch, users get one-click access to Noon vaults through KIIEX, strategies targeting 10% to 20% a year, and licensed routes between local currency and stablecoins. A user in Colombia holding pesos cannot reach a vault without a peso on-ramp, and generic ramps do not cover those markets. That capped Noon’s growth. Kii supplies the ramps and the users.
The yield comes from three places: institutional fixed income and credit (tokenized US Treasury bills, AAA-rated CLOs, senior private credit), market-neutral crypto (delta-neutral BTC and ETH funding-rate arbitrage, discounted Pendle principal tokens), and lending on protocols such as Morpho and Euler. Noon also borrows against yield-bearing collateral to redeploy, which lifts returns and adds liquidation and protocol risk. Noon is live on the Oro testnet, where the Noon Vault task earns 100 ORO.
OrbitEarn Signed, integrating
A savings platform distributing self-custody yield strategies through Kii and KIIEX. OrbitEarn’s hard problem was never the strategy. It was the first and last mile. Turning local currency into a stablecoin position is where mobile-first users drop off, and routing them through a centralized exchange first loses most of them. Through Kii, OrbitEarn reaches users who are already on-ramped, so the yield product is the first thing they see rather than the fourth step.
How this fits together
The enterprise channel is Spectre, In On Capital, Zepz.io, 1Money and Stable. Kii sells infrastructure to a business, and that business routes its own flow across the rails. One signature carries the volume of hundreds of underlying accounts, which is why enterprise is 90% of volume today. These deals close slowly and carry heavy diligence, and they are what makes volume durable.
The merchant and retail channel is the Colombian networks, Noon and OrbitEarn. Here Kii sits underneath a product users already hold, and they never need to know KiiChain settles it. This grows the 10% retail share, and it compounds: a partner that integrates once keeps sending users. ZigChain works across both, bringing tokenized assets in as supply and its investor network as demand.
2. What’s Next on Distribution
Next 90 days
- More regulated advisors and wealth managers in the In On Capital mold, who want onchain FX without building it.
- More embedded-FX deals in the 1Money and Stable mold, as stablecoin and payment networks look for a compliance-ready FX provider.
Ongoing
- Distribution tied to each new corridor as it opens: US dollar, Argentine peso, Japanese yen, euro and pound, Chilean peso, Peruvian sol. Each corridor is a new source of demand.
3. Infrastructure Partnerships
This is the layer that makes the product legal, connected and liquid. It falls into four groups. Every partner is marked Live (in production), Integrating (signed and in build, expected within 60 days) or Planned (committed, with a target date).
Security and compliance · Live: sits across all four groups. Hacken audited the private mainnet end to end on March 16, 2026, and finished its Dual Defences program on June 8, 2026, before public launch.
Fiat Rails
The licensed local entities that move real money in and out of each currency.
- Colombian peso · Live: a bank licensed by the Superintendencia Financiera, plus two local partners for FX and disbursements.
- Brazilian real · Live: two licensed entities covering FX and payments.
- Mexican peso · Live: two licensed entities covering FX and payments.
- Minteo · Live: issues COPM, a fully collateralized, audited Colombian peso stablecoin.
- Dollar, Argentine peso, yen, euro and pound, Chilean peso, Peruvian sol · Planned: providers signed or onboarding, opening from November 2026 through Q1 2027. Dates are in section 4.
Blockchain Connectivity
The bridges that let value reach KiiChain from other chains.
- Hyperlane · Live: runs the official bridges to Ethereum, BNB Chain, Base, Polygon and Mantle.
- Union · Live: zero-knowledge cross-chain messaging, with no oracles or trusted third parties.
- rhino.fi · Live: bridges USDT directly from Tron.
- Rome Protocol · Live: Solana interoperability.
- Euclid Protocol · Live: unifies liquidity across Cosmos, EVM chains and Solana.
Together they connect KiiChain to more than 100 blockchain ecosystems.
Liquidity and Financial Products
Where liquidity comes from, and what users can hold once their money is on the network.
- Mansa Finance · Live: liquidity and cross-border financing for businesses in the ecosystem.
- BIMA · Live: a BTC-backed stablecoin, USBD, and yield vaults, with KIIEX handling on/off-ramp and market making.
- Stabull · Integrating: an exchange for non-dollar stablecoins, FX and commodities. Kii helps market-make the FX stablecoins.
- 0xequity · Integrating: uses stablecoins to settle RWA purchases.
- Decentral · Integrating: tokenization for the creative economy, so royalties and IP settle on Kii’s rails.
- Shift (ShiftRWA) · Integrating: tokenized equities inside KIIEX.
- RWA World · Integrating: asset intelligence, including the largest tokenization database tracked, at 440+ projects. It shows where tokenized supply is being created, which is how the pipeline gets sourced rather than waited for.
- Treasury-backed yield vaults · Planned: issuer agreements targeted by August 31, 2026, vaults live by October 2026.
The RWA pipeline stands at $5.4B under signed tokenization agreements. That is contracted, not issued. None of it is on-chain yet.
Developer and Application Infrastructure
The tooling that makes KiiChain usable without crypto-native habits. All four land within 60 days.
- OneBalance · Integrating: cross-chain abstraction toolkit, built into KIIEX.
- Tria · Integrating: account abstraction, so Web2 users reach KiiChain apps without wallets, bridging or gas.
- JuliaOS · Integrating: an AI agent framework, deployed for trading agents.
- Polli.co · Integrating: staking, delegation and rewards.
4. What’s Next on Infrastructure
- Dollar: a licensed US money transmitter providing virtual bank accounts and payments, targeted November 16, 2026. US virtual accounts go live the same month.
- Argentine peso: licensed payment provider for FX payments and virtual accounts, targeted November 2026.
- Japanese yen: local licensed provider onboarding, targeted December 2026.
- Euro and pound: local licensed providers onboarding, targeted February 2027.
- Chilean peso and Peruvian sol: targeted Q1 2027.
- Treasury-backed yield vaults: issuer agreements by August 31, 2026, vaults live by October 2026.
Every corridor follows the same model. A licensed local partner is signed before launch, then a second is added so no corridor depends on one company.
What to watch: yield vaults from October, the dollar corridor and US virtual accounts in November, Argentina shortly behind. Each is the point where the partners named above start moving volume they cannot move today.
The full build history and roadmap are in the roadmap thread.
