How it works

What happens when you send

You send an amount and a destination. Five steps follow, each run by a licensed partner and each reported back to you.

Inside a payment

Five steps, a few minutes

Money arrives on the origin market's own rails, the way the sender already pays. Nothing leaves the country yet.

local rails

A licensed partner issues stablecoin one-for-one against the deposit. Now the money can move without a correspondent bank.

1:1, licensed

The stablecoin moves to the destination onchain. No chain of banks, no cut-off and no weekend. This is the part that used to take days.

minutes

A licensed partner in the destination market converts it at the price you were quoted before you sent.

rate locked

The recipient is paid on their own market's rails, into the account they already have. To them it is a domestic payment.

landed 3:41

Why it is faster

Bank wires are slow because every hop settles on its own hours, with its own fee. Remove the hops and the delays and deductions go with them.

The days

The crossing ignores cut-offs, weekends and holidays. No bank in the middle has to open on Monday.

The cost

Nobody in the middle applies a rate you never see. Currency is converted once, at the price you were quoted.

The capital

The money arrives in minutes, so nothing has to be pre-funded. Each payment funds its own payout.

Who does what

Elytra never does. There is no Elytra account anywhere in the five steps, by design.

Step	Who performs it	Who holds value
Pay in	Licensed partner, origin	Licensed partner
Convert to stablecoin	Licensed partner, origin	Licensed partner
Cross the border	Onchain settlement	Licensed partner
Convert to local currency	Licensed partner, destination	Licensed partner
Pay out	Licensed partner, destination	Recipient
Elytra	Instructs and reports	Never

Settles in minutes

Build in the sandbox today, or tell us the route and we’ll price it.