Convert between currencies inside the same payment.

FX converts supported digital units, euro units into pound units for example, in one step. The issuer owns the backing; it or an appointed provider carries out the conversion. Bank-money and third-party crypto routes need a licence.

One conversion, from euro to pound.

The euro units are retired and the pound units issued together, in one transaction. Bank funding, reserve movements and the payout stay separate steps.

Bank funding€5.00A separate bank step
One conversion1 EUR = 0.854 GBP
eEUR retired5.00
eGBP issued4.27
Together, in one transaction
Payout£4.27A separate bank step

Example: the amounts are illustrative. The one transaction covers the conversion only, not the bank debits, reserve movements or the final account credit. Converting between issuers does not make their legal claims or credit risks the same. How issuance connects

Who does what.

  • The banks
    • Bank funding before the conversion
    • The payout after it
  • Aryze
    • The conversion technology, built and working, hosted by Aryze or on your premises
    • Lets an issuer move value between supported networks, and issue or retire units against it
    • Coordinates the instructions and keeps the records
  • Issuer or its provider
    • Carries out the conversion
    • Backing and redemption remain the issuer’s responsibility

Defined for each route.

Who quotes the rate and who carries the currency risk stay with the parties responsible for them.

Your routeTo agree
  • Units and permissionsThe supported units, networks and issuer interfaces, and who may issue and retire each unit.
  • Terms and exposureConversion terms, who quotes the rate, how backing moves, and who carries currency or counterparty risk.
  • Endpoints and evidenceWhere funding comes from and redemption goes to, how exceptions are handled, and what proves completion.

Name the source, the destination and who is responsible.

Aryze configures the route between them and tells you what the conversion needs from each party.