Hong Kong · Institutional settlement infrastructure
Vetrapay builds the cryptographic signing server — and the wallet, ledger and settlement software around it — so banks and payment institutions hold their own keys, settle across borders in minutes, and retain every control their regulator expects.
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01Why now
Correspondent banking was designed for a paper world. Three changes have made an on-chain alternative viable at institutional scale.
Payments traverse multiple correspondent tiers. Funds land in T+1 to T+3, fees are deducted in transit, and reconciliation remains largely manual.
An estimated US$5 trillion sits in correspondent pre-funding accounts (Oliver Wyman × SWIFT) — capital that earns nothing and is carried on the balance sheet.
Hong Kong’s Stablecoins Ordinance and the EU’s MiCA are in force; the US GENIUS Act takes effect by January 2027. Licensing is becoming the baseline, not the exception.
Effective stablecoin volume across six major chains in 2024
IMF, July 2025Of surveyed financial institutions are live or piloting stablecoin payments
Fireblocks, State of Stablecoins 2025In cross-border payment flows each year, of which B2B is roughly US$35T
FXC Intelligence, March 2026The question is no longer whether institutions settle on-chain — but whose rails they build on.
02The platform
Most vendors stop at keys, or at wallets. Vetrapay builds the full path — from signing authority to settlement finality — on infrastructure you host and control.
Hardware-rooted key management: Intel TDX trusted execution, an optional FIPS-certified HSM and threshold signatures for multi-party control. Private keys are generated, stored and used inside your own environment — and never leave it.
Hot and cold tiering, multi-level approvals, merchant fund pooling, treasury transfers and on-chain exposure monitoring. A four-state sub-ledger — available, reserved, in transit, confirmed — that finance and audit can read directly.
SWIFT-compatible ISO 20022 messaging with on-chain peer-to-peer settlement. On-chain confirmation constitutes settlement finality, and every instruction is bound to its transaction hash.
03How it works
A cross-border payment still begins and ends in local currency, with licensed institutions on both sides. What changes is the settlement layer in between.
The payer’s funds sit with a licensed bank or payment institution, exactly as they do today. The end client opens no new account and faces no new counterparty.
Stablecoin positions are bought, sold and managed through a Hong Kong-licensed virtual asset trading platform. Vetrapay supports the workflow; the licence remains with the licensee.
Value moves directly between two licensed institutions, in minutes, around the clock. Vetrapay holds no funds and no keys in transit.
The payee’s bank receives local currency. On-chain confirmation is the settlement event, and the message carries the hash.
No pre-funding. No correspondent tiers. No change to how your treasury team reads a statement.
04Who we serve
Digital-asset operations and cross-border settlement that stand up to regulatory review, internal audit and board scrutiny.
Corridors where a day of float is not an inconvenience — it is the business model.
Self-custody of digital positions without building an in-house cryptography team.
Conversion and liquidity rails that connect cleanly to institutional payment flow.
05Compliance by design
Vetrapay is infrastructure, not a financial intermediary. The limits are structural, not policy preferences.
Client assets and keys stay inside the institution’s environment. Vetrapay never takes possession of either.
Vetrapay does not issue stablecoins and does not serve retail customers.
Digital-asset conversion runs through licensed platforms in Hong Kong, under KYC/AML and Travel Rule obligations — never through an unlicensed desk.
The operating company, core research and development, and intellectual property sit in Hong Kong.
No services to, and no business from, mainland China. Institutional clients only.
Tell us where your settlement runs today and what it costs you. We will show you what a licensed, self-custodied path looks like.
