Swiss Fiat AG · Fiat ⇆ Crypto Architecture

The Structure

Direction

Trace

01Client

Client

deposits fiat

02IBAN Issuance

Named IBANs · in the client's own name

OpenPayd

SEPAFPSCHAPSSWIFT

BVNK

SEPA

EqualsMoney

SEPAFPSCHAPSSWIFT

Lorum

SEPAFPSAED localWireSWIFTSWIFT

Privacy IBANs · in Swiss Fiat's name, unique IBAN number per client

BankFrick

SEPACHF localSWIFT

into omnibus

03Omnibus — held in Swiss Fiat's name

Swiss Fiat AG

OpenPayd

BankFrick

EqualsMoney

Lorum

to FX

04FX — currency conversion

to exchange

05Exchange

Crypto Exchange Provider

exchange → crypto out

06Crypto Settlement

Crypto Custody Provider

to client

07Client

Client

receives crypto