Institutional rails for stablecoin money.

Payment and FX infrastructure for high-value, wholesale payments between stablecoins and the banking system, built on licences, bank relationships and our own SWIFT BIC.

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Trusted by institutions across emerging markets
Delos
Hercle
Codex
Digital Virgo
Flutterwave

Built inside the financial system, not around it.

01
Our own SWIFT BIC.

Our own SWIFT BIC, KEYRCA62. Keyrails SWIFT rails clear locally and settle directly with no additional intermediaries.

02
Our own banks.

Direct banking relationships, with FX priced from the London interbank market and locked the moment you instruct. No slippage.

03
Our own licences.

Registered with Bank of Canada and FINTRAC, FinCEN in the US, and VQF in Switzerland. Held in our own name, never borrowed.

The difference, in motion.

Traditional SWIFT rails
A chain of banks.
Your bank
Intermediary
Intermediary
Intermediary
Beneficiary's bank
+ cut-off
+ fees
+ questions
+ hop
Dayshop by hop, through banks you don't choose
Keyrails SWIFT Rails
Straight to local RTGS.
USDCUSDT
Your stablecoins
Keyrails
Keyrails · BIC KEYRCA62
Beneficiary's bank
Onchain
Local RTGS
56m 23sto the beneficiary's bank*
*Average across our last 500 USD payments to China, excluding RFIs.
Typical OTC FX
The price moves while you wait.
Quote approved
Funds reach the desk
Executed at a new price
+ wait
+ slippage
SlippageThe rate you approved isn't the rate you get.
Keyrails FX
Locked the moment you instruct.
Instruction approved
Keyrails
FX booked on our credit lines
Paid out exactly
Instant
London interbank
No slippageThe rate you see is the rate you get.

One infrastructure. Five ways in.

Global Payouts

High-value supplier payments in your client's name, to 200+ countries.

FX & Liquidity

Stablecoin and fiat FX at London interbank pricing, locked at instruction.

Payment Financing

Rolling USD facilities from $100K, repaid automatically in 1–4 days.

USD Virtual Accounts

Named USD accounts that receive third-party SWIFT and Fedwire.

Treasury Yield

Put eligible stablecoin balances to work through institutional-grade tokenized treasury products.

Institutional funds from
Janus Henderson Investors
Tokenized via
Centrifuge
The full offering, pricing and coverage are shared in a 30-minute briefing.
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Settlement simulator. See exactly what settles.

Choose a direction, a currency and a stablecoin. The breakdown updates instantly.

Rate snapshot · London interbankUpdated
1Select the currency you send · 100,000
2Choose the stablecoin you receive
3Choose the payment type
You send
FX rate
Converted
Keyrails fee
Sender of the funds
You receive
Rates from the Keyrails live rate board, last updated . Keyrails fee assumed at 3 bps on USD and 10 bps on all other currencies; your fee varies with your committed volumes. Indicative; your rate is locked at instruction.

The people building the market, on the record.

All insights
Stablecoin FX report cover
Report · Dfns · July 2026
Stablecoin FX

Berhan Kongel is one of nine executives interviewed on how stablecoin FX becomes a real market.

The Great Rail Shift report cover
Report · Delos
The Great Rail Shift

On the convergence of legacy infrastructure and stablecoin rails, with Keyrails' trade-data-backed credit as a case.

Berhan Kongel
2:36:00 – 2:47:00
Video · Stabledash Live
Berhan Kongel on Stabledash Live

The Great Rail Shift. Watch Berhan's segment.

Infrastructure built to institutional standards.

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Keyrails

Institutional rails for stablecoin money

Certified Member — Circle Alliance Program · Office C, 1100-717 7 Ave SW, Calgary, AB, T2P0Z3 Canada

Keyrails Inc. is registered as a Payment Service Provider (PSP) under the Retail Payment Activities Act (RPAA) and is registered with the Bank of Canada and provides financial services through its registration with FINTRAC as a Money Services Business (MSB #M23573916), offering foreign exchange dealing, money transferring, dealing in virtual currencies, and payment services. Keyrails Inc. is also registered as a Money Services Business (MSB) with the US Financial Crimes Enforcement Network (FinCEN) (MSB #31000319550919).

Keyrails US Inc. is a technology company based in Delaware, US, and does not provide financial services.

Keyrails Swiss GmbH, incorporated in Switzerland with the business identification number CHE-346.241.828 is a member of VQF SRO, an officially recognised self-regulatory organisation (SRO) according to the Swiss Anti-Money Laundering Act.

© 2026 Keyrails Inc. All Rights Reserved.SWIFT BIC KEYRCA62