Platform economics that scale with the network.
Platform licensing with network revenue offsets. Banks that participate in stablecoin networks can offset license fees through network activity — the more value the network generates, the more the platform pays for itself.
Platform licensing with network revenue offsets.
SBT is licensed to banks as a complete operational platform. The license covers fiat banking operations, digital asset products, compliance tooling, and client applications. Banks that participate in the stablecoin networks can offset license fees through network revenue — settlement fees, corridor activity, and reserve economics.
The more value your institution generates through the network, the more the platform pays for itself. Pricing is structured around institutional participation level — not per-transaction fees that compress margins as you scale.
Platform License
The foundation
- Fiat banking operations
- Digital asset products
- Compliance engine & procedures
- Client & operations portals
- Platform updates & support
Network Participant
Redemption & settlement partner
- Everything in Platform License
- Correspondent network access
- Settlement corridor participation
- Network revenue offsets on license fees
- Cross-node identity portability
Issuer Partner
White-label stablecoin issuance
- Everything in Network Participant
- White-label stablecoin issuance
- Reserve management infrastructure
- Multi-chain distribution
- Reserve yield economics
| Model | Deployment Model | Scaling Economics | Long-Term Cost | Risk |
|---|---|---|---|---|
| SBT (License + Network) | Bank-controlled deployment | License + network revenue offsets | Decreases with network participation | Network adoption dependency |
| SaaS Banking Platforms | Vendor-hosted | Per-transaction or per-account fees | Higher as you grow | Margin compression, vendor lock-in |
| Consulting Engagement | Custom build | Variable (maintenance + new features) | Higher (custom engineering cost) | Technical debt, hiring risk |
| Legacy + Maintain | Legacy on-prem | Variable (aging system becomes expensive) | Rapidly increasing | Technology obsolescence |
The 5-year math.
Total cost of ownership over a five-year horizon for a mid-size commercial bank.
Deploy SBT
5-year total
~$2.5M–$3M
Effective cost decreases with network participation. Banks active in stablecoin networks offset license fees through settlement revenue and corridor activity.
Hire a System Integrator
5-year total
~$4.4M–$6.4M
Custom build. Technical debt accumulates. Difficult to find engineers who understand it.
Maintain Legacy Systems
5-year total
~$1.5M–$4.5M
Highly variable. Increasing operational risk. No modern capabilities.
Scales with your institution.
$10B+ assets
Large banks
SBT saves millions vs. a consulting project. A system integrator quotes $5–7M and 12–18 months. SBT costs a fraction of that and deploys in weeks.
$1–10B assets
Mid-size banks
Eliminates the risk of a multi-year integration project. A complete, modern platform without the organizational burden of managing an extended SI engagement.
$100M–$1B assets
Smaller banks
The value shifts to speed and completeness. SBT includes capabilities you’d never justify building in a consulting project. A platform that grows with you.
Launching new operations
Neo-banks & license-holders
The only rational option. A consulting project ($4–6M, 18+ months) is not realistic on a launch timeline. SBT gets you live in weeks at a fraction of the cost.
Model your network effects.
Revenue scales with your deposit base, payment volume, and the number of banks in your correspondent network. Adjust the sliders to model the economics for your institution.
Estimated annual network revenue
$4.5M/yr
Revenue by stream
Assumes active network participation with settlement corridor volume and stablecoin deposit activity at the levels indicated. Actual results depend on corridor activation, counterparty activity, and market conditions.
Projections are illustrative and based on assumptions described in our economic model. Actual results may differ materially.
Settlement network effects.
Stablecoin banking is only valuable if multiple banks can settle directly. A single bank’s stablecoin infrastructure is isolated. A network of compatible banks is a settlement system. Every bank that deploys SBT becomes a node in that network.
1
deployment
Valuable infrastructure for a single institution.
10
deployments
Correspondent relationships. Direct settlement between banks.
100
deployments
A settlement network with real cost advantages over traditional correspondent banking.
Settlement infrastructure is table stakes. SBT runs the bank.
The market has validated stablecoin infrastructure as a multi-billion-dollar category. But settlement infrastructure is only one layer. The operational infrastructure a bank needs around those settlements — compliance procedures, KYB orchestration, client applications, payment hub, regulatory reporting — is the layer SBT provides. Settlement moves money. SBT runs the bank.
What’s included.
The annual subscription is not open-ended. It covers what changes over time.
Platform Updates
New features, bug fixes, performance improvements. Released quarterly.
Regulatory Compliance Patches
When regulatory requirements change, we release patches that update the operational layer. Deploy patches, not hire engineers.
New Payment Rail Integration
New local schemes, real-time payment networks, stablecoin settlement. Evaluated and scoped per request.
Production Support
24/7 support for production issues, escalation paths, dedicated support engineer for each deployment.
Security Patches
Quarterly security updates. Emergency patches for critical issues.
Compliance Library Updates
As new jurisdictions deploy SBT, the compliance library grows. Procedures are shared across the network.
Not included: feature development for custom requirements, custom integrations, and custom compliance procedures specific to a single bank. These are scoped separately.
Two worked examples showing cost breakdowns for large and smaller institutions.
Detailed example: $50B commercial bank.
A $50B commercial bank processes ~$2 trillion in annual transactions. The operational layer is mission-critical.
Cost of consulting project
Total: $7–10M, plus 2 years of execution risk
Cost of SBT
Year 1: $1.5M. Year 2–5: $400K/year. 5-year total: ~$3.1M.
Savings: $4–7M over 5 years
Effective cost decreases with network participation. Active settlement corridor volume and stablecoin network activity offset license fees over time.
Detailed example: $500M commercial bank.
A $500M commercial bank has limited engineering resources and operates on tighter margins.
Cost of consulting project
Total: $2.3–4.3M, plus 12–18 months of execution risk
Cost of SBT
Year 1: $900K. Year 2–5: $250K/year. 5-year total: ~$1.9M.
Savings: $400K–$2.4M over 5 years
Complete platform — client application, compliance tooling, payment orchestration, stablecoin infrastructure. Network participation offsets license costs as volumes grow.
How to engage with SBT.
SBT can be deployed with different engagement models depending on your situation. Your bank chooses the deployment model — on-prem, hosted, or hybrid.
Preferred, Mambu banks
Direct Deployment
- You have a Mambu core system selected or operational
- SBT handles integration and platform configuration
- Your internal team handles onboarding, testing, go-live planning
Other core systems
Consulting Engagement
- You have a core system other than Mambu
- SBT and your technical team scope the integration
- Your team or a local SI executes integration
Optional
Managed Service Option
- SBT handles operations, monitoring, and maintenance post-launch
- Your bank focuses on customer operations
- All platform management and compliance updates handled
How fast can you deploy?
Select your core banking system to see estimated weeks to go-live with SBT.
Estimated time to go-live
8–12 weeks
Model this for your bank.
Pricing depends on bank size, core system, regulatory jurisdiction, and deployment scope. A 30-minute conversation with our team will clarify what SBT costs for your specific situation.