THORWallet, Unblock Launch Global Non-custodial Mastercard
THORWallet and Swiss-regulated Unblock will offer a non-custodial Mastercard that settles via stablecoins and will be issued virtually and physically in 175+ countries.
THORWallet has partnered with Swiss-regulated payment infrastructure provider Unblock to launch a global non-custodial Mastercard. The card will be available as virtual and physical products and will settle transactions using dollar-pegged stablecoins in more than 175 countries.
Unblock, headquartered in Switzerland with offices in Panama, Medellin and Miami, will provide card issuance, distribution and payment processing. Its infrastructure supports both fiat and crypto payment flows, which the companies expect will enable card delivery across developed and emerging markets.
The partnership is Unblock’s first integration with a non-custodial wallet. THORWallet and Unblock will build the payment product from the ground up rather than adapting a custodial model, a design the firms expect will allow greater flexibility for user interfaces, card features and stablecoin rails.
THORWallet operates a mobile-first non-custodial DeFi wallet that supports cross-chain swaps, access to decentralized finance protocols and stablecoin rails. The app lets users move native assets across multiple blockchains without relying on wrapped tokens or centralized exchanges, and it connects to decentralized liquidity networks including THORChain and Maya Protocol. The wallet already offers Swiss IBAN accounts and DeFi yield options and has previously provided a non-custodial card experience.
Under the arrangement, users will retain control of their private keys while making payments and remittances. Settling transactions in stablecoins is intended to speed global transfers, and Mastercard acceptance provides broad merchant reach.
The companies expect the product to appeal to users in emerging markets, freelancers, digital nomads, crypto-native teams and businesses with cross-border payment needs.
The announcement comes as stablecoins, crypto cards and self-custody finance move from niche products into mainstream payment infrastructure. Payment networks and fintech firms have increased investment in crypto settlement systems, wallet services and digital-asset payment rails.
THORWallet describes its long-term objective as creating a self-custodial on-chain finance platform where users can hold, swap, earn and spend digital assets globally while retaining control of their funds. The partnership with Unblock is intended to add card-based spending and remittance capabilities to that platform.
