Card issuer processing platform Lithic has announced a strategic partnership with regulated payments platform Monavate, owned by Exodus Movement, Inc., to provide fintech and digital asset companies with a unified path to build, launch, and scale card programs using both fiat and digital currencies. By combining Lithic’s developer-first processing infrastructure and Authorization Intelligence with Monavate’s FCA-regulated e-money status, BIN sponsorship, scheme memberships across Mastercard, Visa, and Discover, and global settlement capabilities, the collaboration eliminates the operational complexity of managing multiple vendor relationships, contracts, and integration timelines across distinct issuing layers. Highlighting the market need for streamlined payment infrastructure, Michael Rolph, CEO at Monavate, stated:
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“Companies building card programs should not have to choose between regulated reach and modern technology. Monavate holds the licenses, the scheme memberships and the settlement infrastructure. Lithic runs one of the strongest processing platforms in the market. Together, we can take a combined offering to the world and serve both traditional and on-chain finance from the same foundation.” Reinforcing the momentum behind digital asset integration, Nikil Konduru, chief commercial officer at Lithic, noted: “Traditional and on-chain finance are blending together. That’s exactly what our programmable card issuing infrastructure was built to support. Partnering with Monavate lets us bring that infrastructure to more regulated markets as those programs keep growing.” Expected to launch in Q4 2026, this joint solution equips high-growth enterprises to accelerate market entry, simplify regulatory compliance, and deliver scalable payment experiences across conventional and decentralized finance ecosystems.