The on-chain FX layer for non-G7 currencies

Solving the last unsolved problem in payments

Rectangle settles emerging-market payments local-to-local — no USD detour, no pre-funding, minutes instead of days.

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The problem

Outside the G7, FX is a liquidity vacuum. $324B a day is forced through USD.

Basel III makes holding EM currencies punitive for banks, so direct markets barely exist.

Lost to the dollar detour−$0
1.5%+ in spread · T+2 settlement · fees at every hop — the market exists. The infrastructure doesn’t.
How it works

Local payments,
everywhere you operate.

One API, one balance — in your brand or ours. New markets, no new licenses.

Collect001
Disburse002
Convert003
Settle004

Local pay-ins on the rails customers already trust — PIX, SPEI, SEPA, ACH — usable the instant funds land.

Local pay-outs, landing on domestic rails in minutes — even in markets you don’t license.

FX desk — spot, forward & OTC. Best-execution RFQ across majors and exotics.

Network & treasury — one balance, every corridor. Auto-reconciliation, multilateral netting, yield on idle funds.

How it works

Local payments,
everywhere you operate.

One API, one balance — in your brand or ours. New markets, no new licenses.

Collect001
Local pay-ins on the rails customers already trust — PIX, SPEI, SEPA, ACH — usable the instant funds land.
Disburse002
Local pay-outs, landing on domestic rails in minutes — even in markets you don’t license.
Convert003
FX desk — spot, forward & OTC. Best-execution RFQ across majors and exotics.
Settle004
Network & treasury — one balance, every corridor. Auto-reconciliation, multilateral netting, yield on idle funds.
The network · Corridor exchange

Share corridors. Split fees. Settle the net.

Senders reach markets they don’t license; local PSPs bid to win the payout leg. No bilateral onboarding, no credit lines, no pre-funding — one KYB passport for every member.

FX happens on the net, not the gross — only the residual imbalance ever touches the FX book.

Monthly corridor volume
Two-way flow80%

How much of your volume flows back the other way. Whatever overlaps cancels on the ledger — only the leftover is converted.

Nets off on the ledger
Net residual — the only part that touches FX
Effective on gross
Quoted all-in FX
15.0 bps
Lower effective spread

Illustrative. FX quoted at 15 bps — the midpoint of the 0.1–0.2% all-in range above — and charged only on the residual.

Get started

Bring local payments to every market you serve.

The first call is a 30-minute working session: we model the netting offset and the fee split on your top three corridors. No commitment, nothing to pre-fund.

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