Option 1: Banking financial institutions in the UK

Regulators:It is regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

Service Type

• Correspondent Bank Services (Banking-as-a-Service)

• IBAN Infrastructure

• Operating Account

• Multi-currency accounts and virtual account solutions

Ideal customer

• Corporate customers who need to open an operating account in the UK

• UK Licensed Financial Institutions (EMI, API, PI)

• Licensing investment brokers want to host client funds in the UK

• Compliant and reputable cryptocurrency businesses

Main features

• Multi-currency support: 11 currencies are supported, including: GBP, EUR, USD, CAD, CHF, PLN, NOK, DKK, SEK, CZK, HUF.

• Real-time Forex execution: 66 currency pairs, support for API orders, optional margin trading.

• Access to the UK payment system: Connect Faster Payments, CHAPS and BACS through ISO20022-compliant API.

• Virtual IBAN: A dedicated IBAN is issued for each customer or business unit to facilitate reconciliation.

• Embedded banking services: FSCS-protected accounts can be provided to end customers on your platform (up to £ 85,000 per customer).

• All GBP balances are held with the Bank of England.

Account Type

Operating account: used to hold the company's own operating funds.

Client Funds Account: used to segregate client funds (e. g. following CASS 7 rules).

Customer Segregated Account: In parallel with the operating account, the final customer balance is held.

Multi-currency account: A single account supports multi-currency balances with a single IBAN.

Virtual account: A sub-account with a unique IBAN under the master account.

Option 2: Non-bank financial institutions in the UK

Regulator: regulated by the UK FCA, while the French ACPR (Electronic Money Agency) and Swiss FINMA regulate the trading business.

Service Type

• Enterprise Account

• Global Multi-Currency Infrastructure

• OTC & Forex Desk

• Institutional Banking Services

Ideal customer

• Crypto businesses operating under the regulatory framework

• Licensing digital asset platforms and OTC trading desk

• Institutional clients requiring multi-jurisdiction legal currency access (for settlement, fund flow or fund management)

• Customers who need payment, OTC and FX integrated services

Main features

1. Multi-currency account: supports 20 currencies, including GBP, EUR, USD, CHF, AUD, CAD, HKD, SGD, etc.

2. Local payment channel:

• USD:Fedwire (Collection Account)

• EUR:SEPA vs. SEPA Instant Payments

• GBP：FPS与CHAPS

• CHF：SIC

• AUD：BECS与NPP

3. API and platform access: Each customer gets a dedicated IBAN with a complete API and graphical interface.

4. Instant network BLINC: Support 24/7/365 free internal transfer between BCB customers in all currencies.

5. Trading function:

• OTC加密（USDT、USDC、BTC、ETH）

• Foreign exchange spot trading (support 66 currency pairs)

• Execute via API, Platform or RFQ with spreads as low as 0.01 percent

Other Services

• Full-featured API access

• Support Slack, WhatsApp, Telegram exclusive service (British time 08:00-20:00)

Account Type

• Legal currency enterprise account: used for customer deposit, settlement and daily operation.

• Trading account: direct connection with OTC and foreign exchange trading desk

• Omnibus USD account: USD settlement by corresponding line

Option 3: Non-bank financial institutions in the UK

Regulator: Financial Conduct Authority (FCA)

Service Type

• Virtual IBAN Release

• Multi-currency collection and payment account

• Payment channel integration

• Provision of a counterpart account infrastructure for financial institutions and remittance operations

Ideal customer

• Licensing Payment Institutions (PIs), Electronic Money Institutions (EMIs), Remitters (MSBs)

• Remittance companies for Europe, Asia Pacific, Middle East and Africa

• New banks, crypto platforms and foreign exchange service providers that need CCB infrastructure

• Financial Institutions Require Customer Level Reconciliation

Main features

1. Virtual IBAN: Issued in the name of the end customer or company to facilitate reconciliation and fund isolation; Support API real-time creation; EU customers are free, non-European or high-risk customers 15-20 per account.

2. Currency support: supports 20 currencies, including EUR, GBP, USD, CHF, JPY, AED, ZAR, PLN, etc.

3. Local payment channel:

• 英国：FPS、CHAPS、BACS

• 美国：ACH、Fedwire

• EU: SEPA, SEPA Immediate

• Global: SWIFT

Remittances and cross-border capacity:

• Europe/UK: Local collections and payments

• Global: Cross-border payments via SWIFT

• Can enable reverse collection process (e. g. from overseas to EU or UK)

5. System integration: access through portal and REST API; compatible with ISO 20022 messaging standard; support real-time notification of transactions.

Account Type

• Receiving account: used for posting transactions between customers and partners

• Virtual IBAN sub-account: Customer-level sub-book for reconciliation

• Operating Enterprise Account: For Wages, Rent and Operating Expenses