Foxbit Accounts for Over 41% of Digital Dollar Traded in Brazil, Now Becomes Complete Financial Infrastructure for Banks and Fintechs

By: rootdata|2026/07/18 21:07:00

Foxbit announces the biggest repositioning in its history. The company launches a new website and completes the rebranding from Foxbit Business to Foxbit Infra.

Behind the name change is a leap in scale: over 11 years of operation, R$ 55 billion traded across the group, and a share of over 41% of the USDT and USDC volume traded in the country in the last two weeks.

This move comes at a time when Brazilian banks and fintechs are looking to incorporate crypto and digital currency into their own products without building this infrastructure from scratch, and it is precisely this gap that Foxbit Infra will fill.

The repositioning does not start from scratch. The infrastructure is already running within institutions such as 99Pay, Genial, and PicPay, among others. "We reorganized what was Foxbit Business into a complete, modular infrastructure connected to the world, designed to scale with the market," explains Ricardo Dantas, CEO of Foxbit. His declared ambition is straightforward: "to ensure that most of these services in Brazil, more than half, are built on Foxbit."

The model is modular and operates via API. A bank can use only the order book. A fintech can add custody. A currency exchange can operate only with stablecoins. All on a single core that unites crypto and currency with KYC, KYT, KYB, KYE, AML, and reports to the Central Bank already integrated.

The offering is divided into five fronts:

  • Crypto-as-a-Service --- buying, selling, and custody of digital assets under the partner's brand, including tokenized real assets (RWA).
  • Liquidity Engine --- institutional liquidity, smart order routing among over 110 order books, and proprietary market making.
  • Payment Layer --- digital currency and payments, with cross-border remittances via stablecoin (real--USDT--dollar), on-chain bridge from Pix, and managed payments.
  • Institutional Custody --- qualified custody via BitGo and Fireblocks, corporate treasury, and institutional wallets.
  • Prediction Market --- infrastructure via API to launch predictive markets.

With its own book in real and market makers connected to over ten liquidity sources, Foxbit ensures execution with depth even in large operations.

This muscle explains the number in digital dollars: over 41% of the USDT and USDC volume traded in Brazil in the last two weeks, and over R$ 1 billion in USDT and USDC traded just in the last month.

Few companies in the country gather, at the same time, the set of credentials that Foxbit Infra carries:

  • BCB regulation, operating under the Central Bank's digital asset regulation, in the authorization process as a Virtual Asset Service Provider (VASP).
  • SOC 2 Type 2 + ISO 27701, operational security and data privacy, in compliance with LGPD.
  • Reporting to the Central Bank, monthly reports including acam212, travel rule, cadocs, and cosif/BDV.
  • CVM, authorization for crowdfunding operations.
  • Currency exchange, enabled for operations via crypto/stablecoin, according to BCB Resolution No. 521.
  • RFB, monthly reporting according to DeCripto (IN 2.291/2025).

For the company's founder, this moment marks the end of one cycle and the beginning of another. "I founded Foxbit in 2014 to be a brokerage. The market evolved, Foxbit evolved along with it, and what started as a product for investors became infrastructure for the entire market," says João Canhada, in a statement sent to Livecoins. Today, according to him, "we do not just sell crypto to companies: we are the financial infrastructure upon which they build their own products."

-- Price

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