01FX and Pricing
Price every corridor.
Each direction of conversion is a corridor you price: the rate, your charge and a daily cap. The web shows where today's volume flows.
markets.sqrl.tech/fx
Stablecoins, settled
across borders.
Hold and manage the liquidity behind cross-border payments. Rand in, dollars out, settled over Lightning in under a second.
<0s
Settlement, end to end
24/7
Open every day
0
Correspondent banks
The dollar, settled
on Bitcoin.
Stablecoins move over the same channels as Bitcoin itself, with the same finality. One rail for both sides of every cross-border payment.
Run your own hub,
or let us run it.
Every corridor runs through a SQRL Lightning hub. Operate one yourself, or we host it and you run the desk.
Run your own hub
Operate the hub on your own infrastructure as a bank. Fund liquidity pools, open channels to your counterparties, and hold every key yourself.
Let us run one for you
We host and operate a hub in the SQRL cloud. You price corridors and settle payments from the desk, with no node to maintain.
One hub at the centre
of your network.
Whichever way it runs, the hub is the same: the node your counterparties connect to, and the liquidity every corridor draws on.
Channels to every counterparty
Each bank, desk or wallet connects to the hub over Lightning.
Liquidity on both sides
Pools you fund carry payments out; inbound capacity brings them in.
Anchored to Bitcoin
Its on-chain wallet opens and closes channels on the base chain.
Your liquidity,
in every corridor.
01
Hold the liquidity
Your stablecoins and Bitcoin sit inside Lightning channels to each counterparty. The desk shows how long each one lasts at today's pace, and when to top it up.
02
Price the corridors
Every direction of conversion, rand to dollars or dollars to Bitcoin, is a corridor you price: the rate, your charge and a daily cap. Pause any of them at any time.
03
Settle atomically
Both sides of a conversion lock to one payment hash and settle together. There is no moment where one side has paid and the other has not.
Settlement
From quote to settled
in four steps.
No correspondent chain and no cut-off times. A payment sent in one currency arrives in another, converted on the way and final when it lands.
01
Quote the rate.
The corridor prices the conversion from reference rates, your charge included. The sender sees a firm rate before anything moves.
02
Lock and check.
Funds arrive and the rate locks. Screening and limits run first, and anything they stop waits for a person.
03
Convert in channel.
Rand becomes dollars inside the channel, both sides tied to one payment hash. A half-finished conversion cannot exist.
04
Pay out and settle.
The receiver is paid in their currency and the payment settles. The record is permanent, the hash its proof.
The desk
One desk for
every corridor.
The console your operators run the hub from. Pricing, payments and the record, each on a screen of its own.
02Payments
See money in motion.
Every payment from quote to payout, on one screen. Anything held for screening or a limit waits at the top for a decision.
markets.sqrl.tech/payments
03Payment
Follow one payment through.
Rate locked, funds received, converted, paid out, settled. Every step is timestamped, and the payment hash is kept as proof.
markets.sqrl.tech/payments/PRW-418679
04Audit
Prove every action.
An append-only record of who did what, and when. Verify the chain yourself, or export it for your auditors.
markets.sqrl.tech/audit
Agentic trading
The future of agentic
trading is here.
Lightning settles fast enough for software to trade the way software thinks. Your agent deals on the venue's tools. Your keys and limits hold.
Download the desk
The venue as an MCP server, every action a typed tool call.
Connect your agent
Claude, or anything that speaks MCP. Same tickets, same settlement.
You set the guardrails
Caps, limits, allowlists. Enforced by the signer in your browser.
sqrl-desk·mcp session
agent
Commonly asked
questions.
The short version of what banks and payment desks ask us first. For anything else, write to us and a person answers.
Banks, payment companies and liquidity desks that move money across borders. You run a SQRL hub, hold stablecoin liquidity in it, and price the corridors your counterparties pay through.
No. The hub's keys are yours. Liquidity sits in Lightning channels between your hub and each counterparty, and closing a channel returns its balances to you on-chain in one settlement transaction.
From reference rates for the two currencies, plus the charge you set. Each corridor carries its own daily cap, and can be paused or halted from the desk at any time.
A payment stopped by screening or a limit waits for someone with the right role to decide. If nobody does, the sender is refunded automatically, so funds are never left in limbo.
Funds do not depend on the hub staying up. Every channel can be closed on-chain, returning each side's balances to its own wallet. The worst case is waiting for a Bitcoin confirmation.
Not yet. The desk runs on test networks while the flows are refined with a pilot cohort. Quotes, balances and settlement records behave exactly as they will in production.
Early access
Be first to the market.
SQRL Markets opens to a pilot cohort of banks and payment companies first. Tell us who you are and we will hold you a place.
