BALBOA | CORP, the Panama‑based provider of stablecoin infrastructure for trade settlement, shipping and escrow, today announced it has signed a memorandum of understanding (MOU) with URBANITSMO S.A., a major Panamanian developer to explore integrating BALBOA | CORP’s stablecoin and stablecoin infrastructure into large infrastructure and construction projects. The agreement lays the groundwork for BALBOA | CORP’s BALBOA1 stablecoin to be used to facilitate secure, same‑day payments for building materials and equipment sourced internationally.URBANITSMO intends to channel $120 million USD in BALBOA1 over the next two years to finance its strategic initiatives.URBANITSMO’s projects include government‑backed housing developments and commercial real‑estate ventures, and relies on imports of materials and other supplies from LATAM, China and elsewhere. Under current banking rails, cross‑border payments can take weeks, delaying cargo release and increasing demurrage costs. BALBOA | CORP’s infrastructure is designed to provide same‑day settlement through programmable escrow and trade finance workflows, helping synchronise cash and cargo and reducing financing gaps for construction projects.Gastón Paredes , Managing Director / Chief Executive Officer of URBANITSMO S.A., commented:“As Panama continues to solidify its position as a critical hub for global logistics and real estate, the modernisation of our financial infrastructure is paramount. We view BALBOA1 not merely as a digital asset, but as the definitive next-generation payment rail essential for international trade intersecting with the Panama Canal. Traditional maritime and infrastructure logistics have long suffered from legacy settlement bottlenecks; BALBOA1 provides a compliant, almost instantaneous alternative that aligns perfectly with the rigorous demands of institutional investors, public relations strategies, and global venture capital firms.”Kevin Conabree, Co-Founder and CEO noted that, “BALBOA | CORP, added:“By committing to this $120 million deployment, URBANITSMIO S.A. will provide a tangible, large-scale use case for BALBOA1, that will, in the long term benefit trade and finance across Panama, international commerce, as well as the canal. We believe this initiative will clearly demonstrate to global markets the immense scalability, security, and institutional viability of BalboaCorp’s financial rails in large-scale urban development and cross-border settlement.” The MOU underscores BALBOA | CORP’s expansion beyond maritime shipping into broader trade finance. As infrastructure builders require steady imports of materials, BALBOA | CORP can offer real‑time payment solutions that avoid limited banking hours, cut‑offs and provide compliance controls suitable for institutional contracts.Conabree said:“This MOU demonstrates how programmable stablecoins can unlock efficiency in large‑scale construction as well as shipping. By integrating with our partner’s supply chain, we aim to reduce payment delays and financing costs for imported materials.”NoYesAsset Management20 Jul, 2026