Guide
Guide to Web3 banking and crypto treasury for companies
A company that holds or earns crypto needs three things: a wallet in the company's name, a way to convert to USD, EUR, GBP or CHF when bills are due, and a way to pay people in normal currency. XEROF, a Swiss regulated crypto brokerage in Zug, provides all three, with the fee shown on every conversion. This guide explains how Web3 banking works and what to check.
Key insights
- Web3 banking means financial services built for companies whose treasury, revenue or payroll lives partly on-chain.
- The core need is a reliable way to move between stablecoins and normal money, run by a regulated provider.
- Benefits: faster settlement, lower fees, global reach and a clean audit trail.
- XEROF covers three regulated activities for Web3 companies: settlement, payouts and custody.
What is Web3?
Web3 is the stage of the internet that uses blockchains for settlement and ownership. Value moves between addresses without an intermediary, and every transfer is recorded on a public ledger.
Decentralisation
Data and value move across a distributed network rather than through one institution, giving users direct control over their assets.
Blockchain ledger
A transparent, tamper-resistant record of every transaction, verifiable by anyone with the address.
Transparency
The crypto side is visible on the blockchain in real time. The bank side is confirmed by the bank. Both sit on the same XEROF confirmation.
Web3 banking versus traditional banking
Web3 banking connects crypto with normal money: regulated, fast, low-fee conversion and payment services built for companies that traditional banks struggle to serve.
Building a secure digital asset treasury for corporate use
A corporate digital asset treasury holds stablecoins and cryptoassets the way a company holds cash: with clear ownership, controls on who can move funds, and a fast route to normal money when invoices fall due.
- Hold assets in a wallet in the company's own name, never mixed with other clients' assets, with a regulated custodian and disaster-recovery cover.
- Separate duties: who can request a transfer, who approves it, and which addresses funds may go to.
- Keep a working balance in USDC or USDT for payments, and convert the rest to USD, EUR, GBP or CHF as needed at the live rate, with the fee shown on its own line.
- Screen every incoming and outgoing transfer on-chain, so the treasury's records stand up to an auditor and a bank.
- Pay suppliers and staff abroad directly from the stablecoin balance to bank accounts in 59 countries.
Web3 treasury management and corporate banking for Web3 companies
Web3 treasury management is the day-to-day running of that treasury: converting revenue received in crypto, funding payroll and supplier payments, and keeping money and stablecoin balances in proportion. Corporate banking for Web3 companies means doing it through a regulated provider that a traditional bank can see and accept.
The challenges, and how XEROF addresses them
Regulation
Rules differ by country and change quickly. XEROF is a financial intermediary under the Swiss Anti-Money Laundering Act and a member of VQF (No. 100954), a self-regulatory organisation recognised by FINMA, so the compliance framework is fixed and documented.
De-banking
Traditional banks routinely close or refuse accounts for Web3 companies. XEROF was built for exactly these clients and pays money out through established banking partners.
From stablecoins to money
Turning stablecoins into working money and paying suppliers in normal currency is the daily gap. XEROF's conversion and payout services close it.
XEROF's role in Web3 financial services
Three regulated activities. Nothing else.
Conversion
USDC, USDT, BTC, ETH and SOL to USD, EUR, CHF and GBP, and back. Market rate passed on at cost, XEROF fee shown separately.
Payouts
Pay suppliers, contractors and invoices in local currency in 59 countries, funded with USDT or USDC on the Ethereum network, with every recipient checked before payment.
Custody
One wallet per client, in the client's own name and never mixed with others, with statements and reporting on online.xerof.com.
Web3 banking: common questions
- How do you build a secure digital asset treasury for corporate use?
- Hold assets in a wallet in the company's own name with a regulated custodian, separate who requests and who approves transfers, keep a working stablecoin balance, screen every transfer on-chain, and use a regulated provider for conversion to normal money.
- What is Web3 treasury management?
- The day-to-day running of a company's crypto and stablecoin holdings: converting revenue to normal money, funding payroll and supplier payments, and keeping balances in proportion, with records an auditor and a bank will accept.
- What is Web3 banking?
- Financial services designed for companies that hold or earn digital assets: converting between stablecoins and normal money, paying invoices from crypto, and holding assets with a regulated custodian.
- Is XEROF a bank?
- No. XEROF is a Swiss financial intermediary under the Anti-Money Laundering Act, regulated through VQF membership No. 100954. Money is paid out through regulated banking partners; cryptoassets are held in a wallet in each client's own name.
- How does a business open a Web3 banking account?
- Onboarding is online. The company provides its commercial register extract, details of its beneficial owners and authorised signatories, and its source of funds; the person who signs for the company completes identity verification. Once the account is approved, the company converts and pays in XEROF Online.
- What can a business do with Web3 banking?
- Convert stablecoins and cryptoassets to USD, EUR, GBP or CHF and back, receive the money into its own bank account or a dedicated IBAN in its own name, pay suppliers and contractors in normal money from a USDT or USDC balance, and hold assets in a wallet in its own name, used only for the company.
- How are stablecoins used in Web3 banking?
- As the working balance. A company keeps USDC or USDT for payments because they settle on-chain in minutes, and converts to normal money when an invoice, payroll run or tax bill falls due. Payments to other people are funded with USDT or USDC on the Ethereum network.
- Which providers offer Web3 banking to businesses?
- Mostly regulated companies that are not banks: crypto brokerages, payment institutions and custodians that connect stablecoins to normal money rails. XEROF is one of them, a Swiss regulated crypto brokerage in Zug for companies, family offices and Web3 businesses.
- Is Web3 banking secure?
- It depends on the provider. Check that it is regulated, keeps each client's assets in that client's own wallet rather than mixing them, screens every transfer on-chain, and shows its fee separately from the rate. XEROF holds each client's assets in a wallet in the client's own name, used only for that client.
- What does Web3 banking cost?
- At XEROF, conversions are priced with the published brokerage tiers by monthly volume, and third-party payments carry 0.25%. The fee is shown on its own line; the market rate is passed on at cost.
- Which assets and currencies are supported?
- Stablecoins USDC and USDT, cryptoassets BTC, ETH and SOL, and money in USD, EUR, CHF and GBP.
Ready to run your Web3 company's money side through a Swiss regulated crypto brokerage?