Mt Pelerin Launches Personal Crypto IBAN, Bridging Blockchain and Traditional Banking

Source: DefiPlanet Original Title: Mt Pelerin Launches Personal Crypto IBAN, Bridging Blockchain and Traditional Banking Original Link:

Quick Breakdown

• Mt Pelerin introduces personal crypto IBAN, connecting wallets with euro/CHF bank accounts for seamless transfers.
• Users retain full self-custody while sending, receiving, and converting funds between crypto and traditional banking.
• Atlas adds stablecoin accounts, enabling global crypto-native banking for businesses and private wealth clients.

Crypto Meets Traditional Banking

Mt Pelerin has unveiled a new personal crypto IBAN feature, enabling users to link self-custodial crypto wallets with traditional banking systems. The innovation allows seamless sending and receiving of money across both blockchain networks and conventional banking infrastructures, marking a major step toward mainstream financial integration for crypto holders.

The new crypto IBAN allows users to create a personal euro or Swiss franc IBAN directly tied to their crypto wallet. Bank transfers can now be received from any source and automatically converted into crypto within the user’s self-custodial wallet. Similarly, users can send funds via standard IBAN transfers using crypto from their wallet. While the settlement occurs in cryptocurrency, transactions appear as ordinary bank transfers, offering a familiar experience to both the sender and the receiver.

Mt Pelerin emphasizes that this feature strengthens the principle of self-custody, a cornerstone of the crypto ecosystem. By providing wallets with IBAN functionality, users gain complete control over their assets while remaining fully connected to traditional financial systems. This approach eliminates reliance on third-party custodians, enabling individuals to hold and manage their money independently without sacrificing usability or accessibility.

Practical Financial Freedom

The launch represents a milestone in simplifying self-custody and positioning crypto as a practical alternative to conventional bank accounts.

“By giving a wallet its own IBAN, it becomes a powerful tool to hold and manage money without any third-party custody while still interacting with the broader financial world,” the company said.

With this integration, Mt Pelerin bridges the gap between decentralized finance and traditional banking, empowering users to transact globally with ease while retaining control over their digital assets. The crypto IBAN is now live, providing an accessible gateway for individuals seeking both autonomy and interoperability in financial management.

Industry Expansion

Meanwhile, Atlas has launched support for stablecoin accounts, bringing crypto-native banking to businesses and private wealth clients across more than 150 countries. The new service allows users to send, receive, and hold stablecoins with the same ease and familiarity as traditional fiat accounts.