This article reflects its original publication date. Programme figures, entry routes, counterparties and availability mentioned here are historical, and must be confirmed against current written terms. Start with the current review checklist.
We don't always publish every programme, trade or bespoke structure that we have available.
The position
Many of our opportunities are client-specific and built around the asset, jurisdiction, custody position and objectives.
On a case-by-case basis, it is also possible for clients to participate in more than one programme simultaneously* where suitable.
We always work backwards from the client's Proof of Funds (PoF), Proof of Control (PoC) or Wallet position* to structure the most appropriate proposal.
CURRENT PRIVATE PLACEMENTS & INSTITUTIONAL PROGRAMMES
1. XSWAP Route One
Controlled entry programme, generally from $5m-$10m+, using Fireblocks and/or escrow where appropriate.
Indicative target returns are generally around 1%-3% per trading day, subject to route, ticket size, custody, desk acceptance and compliance approval.
Assets can include FIAT, USDT (TRC20 / ERC20), BTC, ETH and potentially others.
2. XSWAP Route Two
Standard private wallet route, generally $10m-$45m+, subject to KYC, wallet proof, control checks and desk acceptance.
Indicative target returns are generally around 3%-6% per trading day, or structured around weekly output depending on the allocation.
Assets can include FIAT, USDT (TRC20 / ERC20), BTC, ETH and potentially others.
3. XSWAP Route Three / RemoteX
Selective remote wallet process for larger private wallets, typically $20m-$50m+, with enhanced DD and live wallet verification.
The wallet remains under the client's ownership and control throughout the programme*, subject to the required verification and desk approval.
Indicative target returns are generally around *3%-6% per trading day, depending on wallet size, verification, custody position and desk approval.
Assets can include FIAT, USDT (TRC20 / ERC20), BTC, ETH and potentially others.
4. BTC DER Programme (BTC Only)
Institutional BTC-only programme for privately controlled wallets from approximately $100m equivalent in BTC.
Designed specifically for clients who do not want to move their Bitcoin.
Key features:
- No handshake transaction
- No ABA test
- No movement of BTC required
- BTC remains under the client's control throughout
- Wallet ownership is verified through a secure DER / wallet messaging signature verification process rather than transferring assets.
Where required by the desk, a nominal BTC wallet verification message (approximately $100 equivalent) may be requested, with the equivalent value returned in USDT or Fiat.
5. T1D Route One
Insured Tier 1 Derivative programme for $50m+ digital asset or FIAT positions.
For digital asset participation, the wallet remains under the client's ownership and control throughout the programme, subject to the required verification, insurance structure and desk approval.
Where FIAT is used, this can be converted into USDT / USDC for programme entry.
Indicative target returns are generally around 20%-40% per month, on a best-efforts basis, with weekly payout structures where applicable.
What to consider
6. T1D Route Two
Larger institutional and project-led allocations, with insured structures where applicable and longer-term positioning.
For digital asset participation, the wallet remains under the client's ownership and control throughout the programme, subject to the required verification, insurance structure and institutional approval process.
Indicative target returns are generally around 20%-40% per month, although this route is considerably more selective and subject to enhanced institutional DD, source of funds, use of proceeds and desk approval.
7. SBLC Trade Programme
Institutional trade programme for SBLCs from $100m+.
- Up to 50% LTV* against the SBLC
- Indicative target returns of 1%-2% per trading day
- We do not monetise the SBLC
- The instrument is simply held within our trust structure for the duration of the programme
8. Institutional Crypto / FIAT On & Off-Ramping
Support for larger clients requiring:
- FIAT ⇄ USDT
- BTC ⇄ FIAT
- BTC ⇄ USDT
- Other Stablecoin and chain conversions
- Institutional liquidity movement
- Structured desk access
Supported by over $24bn in institutional liquidity and credit lines across our 12 global desks.
This is not a yield programme in itself. Pricing, spreads, settlement timing and fees are confirmed once the asset, amount, jurisdiction, custody position and compliance route have been reviewed.
All programmes remain subject to:
- KYC
- Proof of Funds
- Proof of Control
- Wallet review
- Sanctions screening
- Full deal brief
- Desk and compliance approval
We work only with direct clients or properly mandated representatives.
Where appropriate, FIAT can be institutionally converted into USDT, and BTC can also be utilised or converted depending on the programme requirements.
More information on our wider institutional services and programmes:
Preparing the file
If you would like further information on any of the above programmes, or would like me to put together a bespoke proposal based on your Proof of Funds or wallet position, I am happy to send over further details.
Have a great week.