Blue Star Capital (LSE:BLU) has provided an update on portfolio company SatoshiPay, highlighting continued progress in the development of its Vortex fiat-to-crypto infrastructure and Pendulum’s decentralised foreign exchange platform.
A key milestone has been the migration of Pendulum’s FX decentralised exchange and related liquidity pools to the Base blockchain. The move has helped streamline liquidity management for SatoshiPay’s SEPA-to-crypto services while supporting monthly foreign exchange volumes of approximately US$3 million. Pendulum also plans to phase out its Spacewalk bridge, freeing collateral and allowing additional liquidity to be directed into the growing Vortex ecosystem.
SatoshiPay is simultaneously broadening the commercial reach of Vortex by introducing new fiat-to-crypto payment corridors in Mexico, Argentina, Colombia and the United States through its partnership with Alfredpay. In Europe, the company has relaunched its SEPA ramp with Mykobo, enabling API-based EURC on-ramping and off-ramping capabilities designed to improve accessibility for businesses and financial service providers.
The company is also investing in the next generation of payment automation tools. Current development work includes programmable transaction workflows, integrations designed for AI-driven agents and pilot programmes that connect traditional banking infrastructure with decentralised finance applications. These initiatives include solutions for direct onboarding into DeFi services and automated stablecoin settlement triggered by conventional bank transfers.
Management believes these developments strengthen Vortex’s position as a scalable infrastructure platform capable of supporting both traditional payment networks and emerging decentralised finance ecosystems. The strategy is focused on creating institutional-grade solutions that bridge fiat and digital asset markets while expanding the practical use cases for blockchain-based financial services.
More about Blue Star Capital
Blue Star Capital is an AIM-listed investment company focused on emerging technology sectors, with particular emphasis on blockchain, payments and digital infrastructure. Its portfolio includes investments in companies such as SatoshiPay, Dynasty Media & Gaming and Paidia, providing exposure to decentralised finance, digital payments, gaming ecosystems and other high-growth technology markets. Through these investments, Blue Star seeks to participate in the development of next-generation financial and digital platforms.
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