Settlement
Convert crypto and stablecoins to fiat, and back
XEROF operates as a Swiss crypto brokerage and settlement counterparty, converting stablecoins and other cryptoassets to fiat and back. Tier 1 liquidity passed through at cost, our fee shown separately on every confirmation.
How settlement works
- Cryptoassets: BTC, ETH, SOL. Stablecoins: USDC, USDT. Fiat: USD, EUR, CHF, GBP.
- Every quote is sourced from tier 1 institutional liquidity providers and passed through at cost. No spread, no mark-up.
- The XEROF fee is applied separately and openly on the execution price. Each confirmation shows the liquidity rate, the fee and the net amount.
- Fiat settles to a bank account in your name over Fedwire, SWIFT, SEPA, CHAPS or Faster Payments. Cryptoassets settle to your segregated wallet or an address you specify.
Assets, currencies and settlement rails
- Cryptoassets
- Bitcoin (BTC), Ethereum (ETH), Solana (SOL)
- Stablecoins
- USD Coin (USDC), Tether (USDT)
- Fiat currencies
- US dollar, euro, Swiss franc, pound sterling
- USD rails
- Fedwire and SWIFT
- EUR rails
- SEPA and SWIFT
- GBP rails
- CHAPS and Faster Payments
- Crypto delivery
- Your segregated wallet, or an address you specify
Settlement questions
- Which assets can I convert?
- Cryptoassets BTC, ETH and SOL, and the stablecoins USDC and USDT, against USD, EUR, CHF and GBP.
- How is my rate set?
- Every quote is sourced from tier 1 institutional liquidity providers and passed through at cost, with no spread and no mark-up. The XEROF fee is applied separately and openly on the execution price.
- What will the confirmation show?
- Each confirmation sets out the liquidity rate, the XEROF fee and the net amount, so the cost of the trade is visible on its own line.
- How does the fiat reach my bank?
- Fiat settles to a bank account in your name over Fedwire, SWIFT, SEPA, CHAPS or Faster Payments. Cryptoassets settle to your segregated wallet or to an address you specify.
- Is there a minimum trade size?
- Trade sizes are agreed at onboarding and confirmed in writing, so the desk can quote firm prices against tier 1 liquidity.
- Can I trade outside Swiss business hours?
- Quotes are executed by the desk during Swiss business hours. Instructions received outside those hours are quoted on the next business day.
- Which blockchains are supported?
- Transfers settle on the networks supported for each asset at the time of the trade, confirmed with you before the transfer is made.
Where to next
- How to cash out crypto: convert crypto to cashConvert crypto to cash through a Swiss regulated counterparty: send to a segregated wallet, accept a quote, receive USD, EUR, CHF or GBP in your bank..
- Crypto OTC desk: price your whole size up frontAn OTC desk quotes one firm price for the whole amount instead of filling against an order book.
- Dedicated IBAN accountsA dedicated IBAN in your company's own name, settling directly to and from stablecoins through a Swiss regulated VASP.
- International paymentsHow stablecoins make cross-border payments faster, cheaper and traceable, and how XEROF completes compliant international settlement from Switzerland..
- Crypto on/off rampConvert BTC, ETH, SOL, USDC and USDT to CHF, EUR, USD or GBP and back, for corporates, Web3 companies and private clients.
- CustodyOne dedicated on-chain wallet per client, never pooled, on institutional custody infrastructure with disaster-recovery cover.
- Open an accountApply online as a company or an individual.