How it works
From execution on MultiBank Exchange to delivery in the counterparty’s wallet, and the proposed USDU route.
From execution on MultiBank Exchange to delivery in the counterparty’s wallet
The pair is agreed
The counterparty tells us the pair it needs. Where both legs are listed on MB.io, we create it and quote it.
The trade is executed
Execution takes place on MultiBank Exchange at the agreed price, with liquidity provided by MB.io.
The trade is routed
The trade is routed to MB.io for settlement. The counterparty’s relationship remains with MultiBank Exchange.
The asset is delivered
MB.io delivers the agreed asset to the counterparty’s whitelisted wallet. BTC if the settlement is in BTC, or any other listed asset.
Receipt is confirmed
Delivery is confirmed and reconciled, and the obligation is discharged under the venue rules.
Who the counterparty deals with
MultiBank Exchange is the client-facing relationship throughout: onboarding, pricing, execution and the settlement instruction. MB.io sits behind as the liquidity source and the settlement venue. A counterparty that prefers a direct MB.io relationship may open one, but it is not required.
What is delivered
- The asset agreed at the point of trade
- To a wallet whitelisted in advance
- From a venue licensed by the Virtual Assets Regulatory Authority in Dubai
Settling an obligation in a UAE-regulated digital dollar
The obligation is agreed
The amount owed is established under the existing documentation. The settlement route is chosen in advance, in writing, by the member.
Settlement is instructed
The instruction identifies the obligation, the amount and the receiving member.
USDU moves
The transfer is executed between segregated wallets at a licensed custodian. Confirmation is a matter of minutes.
Receipt and checks
Compliance screening and reconciliation are completed. Only then is the obligation treated as discharged.
Hold or redeem
The member holds the USDU for its next settlement, or redeems it with the issuer for US dollars.
Blockchain confirmation and redemption into bank dollars are two different events. Redemption follows the issuer’s terms and the relevant banking calendar. No timing is quoted here as a service level.
Talk to the institutional desk
Institutional enquiries only. Tell us the nature of your enquiry and we route it to the desk that owns it. Registering interest does not create any obligation on either side.