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Transfers, FX and Clearing

Quote, initiate, clear and pay out across configurable countries and currencies. One platform runs a domestic scheme, a cross-border corridor, or settlement between members.

  • Cross-border
  • Clearing
  • FX

Overview

  • Setting up the scheme

    A scheme starts with its members: registration, AML checks, service terms, limits and the collateral behind them. Countries, currency pairs and permitted routes are platform configuration after that, set per corridor, per member and per customer segment — so opening a corridor is a settings change and not a release.

  • Quoting and instruction

    A member asks for a quote and gets the rate, the fees, the amount that will land and how long the answer holds. The rate is fixed when the instruction is accepted and applied at settlement, however many days the payment takes. Instructions arrive from the portal, as a file or over API, and the beneficiary is resolved and checked before anything is processed: does the account exist, will it accept, is anything restricted.

  • Moving and clearing

    Funds are taken in the sending country's currency, the member is debited and the amount is reserved against execution; clearing posts the entries and the transaction completes there. Conversion runs on one engine over fiat and crypto pairs, with markup rules and external liquidity behind the quote, and it can run in two legs through USDC where no direct correspondent pair exists — which is what opens a corridor with no bank route behind it. Payout lands in the receiving country's currency through a local partner, with confirmation that it arrived.

  • Settling and closing the books

    Settlement is a separate process after clearing: mutual positions, the correspondent bank, cycles and funding. Multilateral netting reduces offsetting obligations between members to the smallest number of real transfers, so a scheme funds a position once a cycle and not once an operation. Returns, recalls and investigations each carry their own deadline and owner, and daily reconciliation against partner statements closes what matches and sends the rest to review.

Ownership

On us

  • The platformQuoting, routing, clearing, netting and the FX engine, under one configuration.
  • A new corridorTurned on in the platform's settings, with no release behind it.
  • Reconciliation and reportingMatched against partner statements, in the form both sides of a scheme ask for.

On you

  • The licenseThe one the scheme runs under, or the partner who holds it.
  • Partners and liquidityWho pays out in each receiving country, and who funds the position there.
  • The scheme's rulesYou operate the scheme. We build what it runs on.

Fit

Who it is for
Banks, EMIs and payment institutions. Scheme operators and consortia. Industry operators settling between members. Companies paying out across several countries.
When it comes up
A new corridor or market. The spread going to a partner. Settlement between members kept in spreadsheets. A regulator's requirement.
The objection we hear
That there is no national-scale scheme behind us. The answer is to start with one corridor or a pilot group of members, on the architecture a full scheme would run on.
What it pulls in
A bridge-currency model brings custody, on-chain movement and the Travel Rule with it. That is a compliance conversation with the client and their regulator, and it can weigh more than the transfer platform itself.

Limits

  • No deposits, no credit, no lending.

  • No acquiring, and no merchants of our own.

  • No settlement-bank role, and no scheme funds held.

  • No liquidity from us, and no market risk.

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