FinchTrade will settle business payments to Africa, Latin America, ZUG, Switzerland, and the United Arab Emirates using stablecoins, bypassing correspondent banks that lock up working capital for 3 to 5 days and add 3% to 5% per transfer.
The cross-border payments service is built for payment service providers and electronic money institutions that currently handle emerging-market payouts manually, and for trading and commodity firms whose cash sits frozen on a SWIFT wire while a transfer clears.
“Businesses moving money into Africa, Latin America, or the UAE have had to treat slow settlement and unclear pricing as the cost of doing business in those markets. This removes that tradeoff.” — David Huseinzade, CCO, FinchTrade
Why it matters for institutions
The service covers nine currencies: euros sent from Europe, Nigerian naira, Ghanaian cedi, Kenyan shilling, Mexican peso, Brazilian real, Chilean peso, Argentine peso, and the UAE dirham on the receiving end. Transfers settle the same day or the next business day.
Clients see the exchange rate and the amount that will land before they send, not after the transaction clears. Each transfer settles on-chain in [STABLECOIN, e.g., USDC] on [NETWORK] and arrives in local currency the same day, with a full audit trail: FX rate, on-chain reference, and banking confirmation. Onboarding, including the AML and KYB checks behind it, takes 24 to 72 hours.
Key facts:
- Settlement: T+0 to T+1
- FX spreads: Below comparable SWIFT routing [cite benchmark / “based on internal pricing data”]
- Intermediaries: no correspondent banks
- Onboarding: 24 to 72 hours, including built-in AML and KYB checks
- Currencies: nine, across four corridors — EUR, NGN, GHS, KES, MXN, BRL, CLP, ARS, AED
- Regulation: Swiss VQF supervision
The problem it solves
B2B payments into MENA, Africa, and Latin America lag Europe and the U.S. on infrastructure, with a single transfer often passing through two or three correspondent banks before it lands. Each bank in that chain adds its own fee and its own AML check.
FinchTrade, an OTC desk and crypto liquidity provider, built the service on the settlement infrastructure it already runs for institutional crypto trading. The stablecoin conversion happens on rails that the company operates at scale, not through a separate new system.
For existing institutional clients — OTC desks, digital asset firms, and crypto funds already using that infrastructure for spot trading — the service adds a second use case on the same relationship, with no repeat KYB or integration.
What comes next
FinchTrade expects the strongest near-term demand in Latin America (Brazil, Mexico, Chile, and Argentina), where businesses face settlement delays, multiple intermediary banks, and limited visibility into final cost. The company plans to expand corridor coverage in response to client demand, with Europe-to-Latin America routes as the priority.
About FinchTrade
FinchTrade, founded in 2018, is a Swiss-based digital asset liquidity provider and OTC desk for institutional clients. The firm has handled billions in annual crypto-fiat exchange volume across 30+ countries, serving 100+ institutional clients with 30-minute average settlement and 1–5 day onboarding under Swiss VQF supervision.