Fidelity Report: Iran's Bitcoin-Based Hormuz Strait System Signals BTC as International Settlement Asset

According to Fidelity Digital Assets, on May 28, Iran has introduced a Bitcoin-based payment system called 'Hormuz Safe' for managing transit fees through the Strait of Hormuz, which handles 20% of global oil shipments. Fees under the system are settled in Bitcoin.

In its 2026 Digital Assets Trends report, Fidelity highlighted this development as evidence that Bitcoin is increasingly being considered as an international settlement and reserve asset. The report noted that amid geopolitical tensions and financial sanctions, nations are seeking alternatives to dollar-based payment systems. Fidelity characterized Bitcoin as 'neutral' and 'confiscation-resistant,' observing that some market participants view it as an alternative international payment medium and store of value alongside central banks' expanding gold reserves.