Settlement in digital assets
Trade on MultiBank Exchange. Settle through MB.io, our VARA-regulated digital asset exchange, which provides the liquidity and delivers the agreed asset to the counterparty’s wallet.
MB.io is licensed by the Virtual Assets Regulatory Authority in Dubai. Settlement in USDU, a UAE-regulated digital dollar, is a separate route currently in development and subject to approval. USDU is issued by Universal Digital Intl Limited, not by MultiBank Exchange.
One relationship, and the digital asset the counterparty actually wants
One relationship, two venues
The trade is executed on MultiBank Exchange and routed to MB.io for settlement. The counterparty deals with MultiBank Exchange throughout. A direct MB.io relationship is available to any counterparty that wants one, but it is not required.
Liquidity from mb.io
mb.io provides the liquidity behind the pair, so the price and the settlement come from the same place.
Delivery in the agreed digital asset
If the counterparty settles in BTC, MB.io delivers BTC to its whitelisted wallet. If it wants a different listed asset, it delivers that instead.
Any pair we can create
More than 100 assets are listed on MB.io under its VARA licence. Where both legs are listed, we can create the pair and settle it. Counterparties tell us the pair they need.
USDU
A UAE-regulated dollar token as a further settlement asset, issued by Universal Digital Intl Limited. Subject to regulatory confirmation and internal approval.
WHERE THIS SITS
An additional route at the settlement step
MEX ECN provides execution. MEX PB provides credit, margin and settlement. MEX Technologies provides connectivity. MB.io settles in digital assets, with the liquidity and the delivery coming from a venue licensed by the Virtual Assets and Financial Regulatory Authorities.
It is an additional route. It does not replace physical or net settlement, and no member is required to use it.
The four pillars
MEX ECNLiquidity, matching and execution
MEX PBCredit, margin and settlement
MEX TechnologiesConnectivity and distribution
MB.ioDigital asset settlement
Trade, route, deliver, confirm
Trade
The trade is executed on MultiBank Exchange at the agreed price.
Route
The trade is routed to MB.io for settlement.
Deliver
MB.io delivers the agreed asset to the counterparty’s whitelisted wallet.
Confirm
Receipt is confirmed and the obligation is discharged under the venue rules.
WHAT IT CHANGES FOR OPERATIONS
Settlement in the digital asset, not a chain of transfers
The counterparty receives the digital asset it agreed to receive, delivered to its own wallet, from the venue that provided the liquidity. There is no sequence of intermediary transfers to wait on.
Blockchain confirmation is the delivery of the digital asset. Where a settlement involves a fiat leg, that leg continues to follow banking hours.
Status of each route
Live. Settlement in listed digital assets through MB.io.
In development. Settlement in USDU, subject to regulatory confirmation and internal approval
Proposed. Cross-border corridors will be delivered in upcoming release.
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.