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Bitso licensed by CNAD
07 May 2026 El Salvador
Image: Lulla/stock.adobe.com
Bitso, a Latin American digital financial services firm, has been licensed by El Salvador’s National Commission of Digital Assets (CNAD) for Nvio Pagos El Salvador to act as an issuer of MXNB, a stablecoin pegged to the Mexican peso.
Bitso, with its new responsibilities of the issuance and management of MXNB, says its licence makes the MXNB the first LatAm currency-pegged stablecoin to operate under CNAD regulation.
Tokens produced under these regulatory requirements will be upheld to the reserve backing, transparency, and operational oversight necessitated by CNAD.
Bitso says the approval is indicative of its commitment to align with global administrative standards, with a predominant focus on both security and trust.
Commenting on the licensing, Daniel Vogel, CEO and co-founder of Bitso, says: “We looked at the most robust stablecoin frameworks in the world and chose to operate at that standard, because MXNB is meant to be an infrastructure that millions of people and thousands of institutions across the region can trust.”
MXNB is intended for a variety of institutional applications, including cross-border payments, remittances, and digital payments for fintechs.
Bitso, with its new responsibilities of the issuance and management of MXNB, says its licence makes the MXNB the first LatAm currency-pegged stablecoin to operate under CNAD regulation.
Tokens produced under these regulatory requirements will be upheld to the reserve backing, transparency, and operational oversight necessitated by CNAD.
Bitso says the approval is indicative of its commitment to align with global administrative standards, with a predominant focus on both security and trust.
Commenting on the licensing, Daniel Vogel, CEO and co-founder of Bitso, says: “We looked at the most robust stablecoin frameworks in the world and chose to operate at that standard, because MXNB is meant to be an infrastructure that millions of people and thousands of institutions across the region can trust.”
MXNB is intended for a variety of institutional applications, including cross-border payments, remittances, and digital payments for fintechs.
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