A&M marks a milestone in professional services, settling a client payment in USDC on the Solana blockchain — one of the first global professional services firms to do so.

New York, July 8, 2026: Leading global professional services firm Alvarez & Marsal (A&M) has accepted its first client payment for professional services in a US dollar-backed stablecoin (USDC), settling the transaction on the Solana blockchain. 

The payment reflects A&M’s expanding capabilities across digital asset operations, treasury, payments infrastructure, and signals the firm’s broader commitment to the space.

“We are seeing a wave of institutional clients who have made their decision on digital assets,” said Kumanan Ramanathan, Managing Director and A&M Crypto Co-Lead. “This transaction reflects our confidence in the same infrastructure we implement for our clients. Stablecoins are now a practical tool for how enterprises move money today.”

Stablecoins have rapidly moved beyond digital asset trading into core enterprise finance and payments infrastructure. Total stablecoin market capitalization reached a record of approximately $315 billion in June 2026, according to industry data. 

"Solana is the default settlement layer for enterprises moving payments on-chain,” said Nick Ducoff, Head of Institutional Growth at the Solana Foundation. “A&M’s adoption of Solana is another milestone for professional services and institutional finance more broadly." 

The regulatory environment is catching up with the market. In the US, the GENIUS Act, signed into law in July 2025, established the first federal framework for US dollar-backed payment stablecoins, with implementing rules advancing in 2026. Comparable regimes are now in place or taking shape across the EU, UK, Singapore, Hong Kong, the UAE, and Japan. 

As client adoption of stablecoins, tokenization, and distributed ledger technology accelerates, A&M is helping clients build the infrastructure supporting these opportunities. Pegged to the US dollar and settling near-instantly on-chain, stablecoin payments offer a faster, lower-friction alternative to traditional settlement, and A&M brings the operational, compliance, and technical expertise clients need to effectively utilize these solutions. 

About Alvarez & Marsal 

Founded in 1983, Alvarez & Marsal is a leading global professional services firm. Renowned for its leadership, action and results, Alvarez & Marsal provides advisory, business performance improvement and turnaround management services, delivering practical solutions to address clients’ unique challenges. With a world-wide network of experienced operators, world-class consultants, former regulators and industry authorities, Alvarez & Marsal helps corporates, boards, private equity firms, law firms and government agencies drive transformation, mitigate risk and unlock value at every stage of growth. To learn more about A&M Crypto, visit https://www.alvarezandmarsal.com/expertise/am-crypto.