The initiative aimed to identify and support projects building real-world solutions with stablecoins, and Lumx was chosen from hundreds of applications submitted from around the globe.
What is The Push?
Launched in 2024, The Push is Bitso’s acceleration program focused exclusively on stablecoins. The initiative is backed by partners such as Tribe and Flori Ventures, and its goal is to promote the strategic use of stablecoins beyond speculation, emphasizing use cases like payments, financial inclusion, on-chain treasury, and cross-border remittances.
According to Bitso, the program prioritized projects with operational products and the potential for significant impact in Latin America. Selection criteria included: regulatory clarity, integration with the real economy, and scalability.
Why this recognition matters
Latin America is one of the world’s most active regions for stablecoin usage. According to the latest Chainalysis report, over 70% of crypto volume in the region is tied to stablecoins, particularly for remittances, inflation hedging, and cross-border payments.
In this context, Lumx’s selection as a winner validates our vision and focus: building stablecoin infrastructure for real-world use, delivering solutions that connect the traditional financial system to blockchains in a secure, simple, and scalable way.
What is Lumx building?
Lumx provides modular infrastructure for companies looking to integrate stablecoins into their financial operations with security, speed, and scale. Through simple and robust APIs, companies can:
Create multi-currency digital accounts, with unique addresses and automatic reconciliation
Make instant cross-border payments, converting between local currencies like BRL, MXN, and COP and stablecoins (and vice versa)
Orchestrate payment flows, moving funds between bank accounts, wallets, and clients with automation and lower costs
Configure wallets with different custody models, including MPC/HSM, semi-custodial with passkeys, and integrations with institutional partners
Enable on-ramps, off-ramps, and swaps, integrating local payment methods (like Pix) and gaining direct access to institutional liquidity for USDC and USDT
Operate with high stability and security, with audited infrastructure, 99.9% uptime, and support for BRL, USD, EUR, and other currencies
In addition, Lumx remains invisible to the end user, allowing financial institutions, PSPs, and fintechs to deliver seamless user experiences while blockchain infrastructure operates in the background.
What’s next?
Over the coming months, Lumx will take part in mentorship sessions, networking opportunities, and strategic partnerships with Bitso’s team and partners. Our goal is to strengthen our presence across key financial corridors in Latin America and continue promoting stablecoins as a core pillar of innovation for companies and institutions.
We’re excited for what’s ahead and more confident than ever that stablecoins are not just the future, they are already the present of digital financial infrastructure.
To learn more about The Push program and the other selected startups, visit:
What is The Push by Bitso and why was Lumx selected?
The Push is Bitso's global acceleration program focused exclusively on stablecoins, launched in 2024 with partners like Tribe and Flori Ventures. Lumx was selected from hundreds of applications worldwide because of its operational product, regulatory clarity, and potential for significant impact in Latin America through real-world stablecoin infrastructure for payments, financial inclusion, and cross-border remittances.
What stablecoin infrastructure does Lumx provide?
Lumx provides modular infrastructure that enables companies to integrate stablecoins into their financial operations securely and at scale. This includes APIs and tools for on-ramp/off-ramp transactions, stablecoin transfers, treasury management, and cross-border payments — all designed to connect the traditional financial system to blockchain networks in a simple, compliant, and scalable way.
Why are stablecoins important for Latin America's financial ecosystem?
Latin America is one of the most active regions for stablecoin usage, with over 70% of crypto volume tied to stablecoins according to Chainalysis. Stablecoins address critical needs in the region including inflation hedging, low-cost remittances, and efficient cross-border payments. For businesses and consumers in Latin America, stablecoins offer a faster, cheaper, and more accessible alternative to traditional banking for international transactions.
What criteria did Bitso use to select winners for The Push program?
Bitso's selection criteria for The Push program prioritized projects with operational products already in the market, regulatory clarity in their operations, integration with the real economy rather than speculation, and scalability potential. The program specifically sought stablecoin projects focused on practical use cases like payments, financial inclusion, on-chain treasury management, and cross-border remittances in Latin America.
