Paymaster Agent
Many digital asset investors are ideologically motivated and do not wish to interact with banks, while others are not yet wealthy enough to access some private banks. Many blockchain projects are also rejected by retail banks. All these clients have one thing in common: When the end of the month nears, their bills need to be paid, and generally in fiat.
After KYC is successfully passed, we help our clien ts convert part of their crypto holdings and execute payments on their behalf. Our money remittance service is unique in the industry as we are able to execute wire transfers for the beneficial owner of the funds in favor of a different receiving party. Once due diligence is completed in the context of the payment, on both payer and receiver, there is no limit on the nominal amount we can transfer.
Crypto Dealer
OTC trading is traditionally reserved to large institutions but we believe everyone deserves access.
When trading is executed on a centralised exchange, a few issues may occur:
- The investor can only access liquidity offered (against traders wishing to take the opposite direction).
- When it comes to executing large orders, liquidity dries up quickly unless the trader decides to literally wipe out the order book, exposing himself to considerable slippage.
- High transaction fees, risk of public visibility which may lead to front-running, with guaranteed further post-transactional KYC clarification.
- CEXs are more complicated, costly and offer less liquidity. Trading over a decentralised exchange may be simpler, as no KYC is required, but liquidity is low, and access to fiat is restricted.
Clearing Agent
We have corporate accounts in each of its partner banks to ease the logistical burden of its digital activities. As a growing number of private clients engage in crypto transactions, specific challenges are constantly arising such as multiple transactions for potential buyers and sellers occurring throughout the day, involving several client accounts as well as various external counterparties.
As Clearer, Altcoin centralises the flow of funds, reconciles trading commitments and proceeds via daily settlements. A Clearer will limit the bank’s liability whilst respecting banking secrecy laws in compliance with all travel rule requirements. Transfers originating from clients’ crypto transactions are handled by a single regulated entity, with full responsibility of AML monitoring
