Regulatory framework

We operate where regulation
allows it. And only there.

Four legal entities, four jurisdictions, one infrastructure. Every product is backed by the license that actually applies to it — not by marketing. Our compass is compliance.

Regulated entities

Four jurisdictions,
four entities.

Each product operates under the jurisdiction and license that fits it. No shortcuts, no gray zones.

SV
Kabal Bridge S.A. de C.V.
El Salvador · Primary regulated entity

Registered as a Digital Asset Service Provider before CNAD on June 18, 2025. Responsible for tokenization, digital custody, and digital-asset operations.

Exchange (Art. 19a)Custody/Wallet (Art. 19d)Transfers (Art. 19f.1)Custody ops (Art. 19f.2)Order routing (Art. 19f.3)Issuance structuring
PSAD-0056
NIT 0623-100125-117-5
NRC 357917-0
CNAD-CD-274-2025
Resolution 18/06/2025
PA
Kabal Trade Finance S.A. de C.V.
Panama · International operations

Panamanian corporation financing international trade operations backed by blockchain-verified Bills of Lading.

Trade financeBills of Lading collateralCross-border operations
Panama
Corporation
International operations
Crossbridge Technologies
Operating parent
HN
Kabal Capital S.A. de C.V.
Honduras · SME lending

Honduran corporation operating as a non-bank lender under the commercial framework. Grants SME credit lines (Flex, Crece, Cash) without traditional collateral. Not supervised by CNBS.

Flex line (working capital)Crece line (expansion)Cash line (factoring)
Non-bank lender
Honduras · Commercial framework
Not supervised by CNBS
Commercial corporation
US
BIVO Inc.
United States · Money transmitter partner

Licensed money transmitter partner for Kabal Send across all USA to LATAM remittance operations. Licensed in the states where it operates, registered with FinCEN as Money Services Business.

Money transmissionUSDC settlementUSA to LATAM corridors
NMLS 2572288
US money transmitter
FinCEN registered
Multi-state licensed
Partner Kabal Send
Compliance stack

Enterprise-grade tools
on every transaction.

We do not improvise compliance. Every transaction runs through the best infrastructure available for KYC, AML, sanctions screening and blockchain analytics.

Institutional custody

MPC enterprise platform for digital asset custody. Same technology used by global institutional funds.

Smart-contract audits

Professional audit of each contract before deployment. Public reports available in institutional data room.

Sanctions screening

Real-time verification against OFAC, EU, UN and local lists for every client and counterparty.

Blockchain analytics

On-chain forensic analysis to detect wallets linked to illicit activity. Travel Rule compliance.

Retail KYC

Digital identity verification with liveness detection and document validation for individual users.

Institutional KYB

Enhanced institutional KYC for corporate issuers in Kabal Bridge and Kabal Invest private-access users.

Legal counsel

Regulatory legal advisory for financial product structuring and tokenized issuances.

Financial advisory

Accounting, tax and reporting advisory for entities in the ecosystem in Honduras.

Regulatory traceability

Every milestone, documented.

Regulatory milestones, audits, and resolutions across the Kabal ecosystem.

Q1 2026
Smart-contract audit readiness Pre-deployment review process for approved private issuances
Request information
Dec 2025
CNAD — Private issuance process Documentation available under institutional request
Request information
Nov 2025
CNAD — Resolution CNAD-CD-269-2025 Approval for complementary services
Request resolution
Sep 2025
CNAD — Resolution CNAD-023-2025 Operational confirmation for Kabal Bridge
Request resolution
Jun 2025
CNAD — License PSAD-0056 granted Initial registration of Kabal Bridge S.A. de C.V. · June 18, 2025
Request license
Mar 2025
FinCEN — BIVO Inc. registration (NMLS 2572288) Money Services Business · Multi-state licensing
Request filing

The vision without regulation
is speculation.

— Kabal philosophy

Questions about compliance?

Our compliance team answers regulatory questions within 48 business hours.