platform

One flow.Four stages.

Every trade runs the same way, whether it moves a stablecoin between chains, converts into a regional currency, or settles a tokenised asset against cash.

01 how a trade settles

01 · request02 · clear03 · price04 · settle

request · single legorder types · escrow · resource lock · eip-3009 · generic

01 request

One instruction in.

Set the pair, the size and the networks. Quote by exact input or exact output. Say whether price or speed matters more.

Multi-leg. Several inputs and outputs in one order, an order type per leg, callback data for receiving contracts.
Any entry point. The workspace ticket, your own systems over REST, or an embedded wallet in your product.

Trade screen with oracle chart, liquidity ladder and order ticket

see it in the producttrade workspace · chart, ladder, ticket

clear · before any desk sees itworkflows on top · velocity · structuring · holds

02 clear

Checked before anyone sees it.

Nine mandatory checks run on every request. A request that fails never reaches a desk, and every blocked attempt keeps its full per-check evidence.

Your workflows on top. Velocity limits, structuring detection and review holds, rolled out from draft to shadow to active. An EU MiCA CASP template to start from.
Onboard once. One KYB and one policy cover every counterparty on the network.

Compliance workflows with the nine-check platform floor

see it in the productcompliance · platform floor and workflows

price · auction openplatform fee between 1 and 3 bps by size · shown before you accept

03 price

Desks compete for it.

Eligible desks, liquidity providers, DEX routes and bridges bid on the same request in one auction. Quotes are firm. Mid-market reference, provider spread and platform fee are shown before you accept.

You set the rules. Minimum quotes, timeouts, collection policy and which venues may quote your workspace.
Your own desks too. Run OTC desks inside the workspace with their own books, health and admin tools.

Solver options: presets, coverage, timeouts, minimum quotes

see it in the productsolver options · timeouts, minimum quotes

settle · both legs, or neithersmart escrow · proof of delivery · deadline refund

04 settle

Paid on proof.

Your funds lock in escrow. The desk delivers on the other chain and proof of delivery releases payment. No delivery by the deadline, full refund. Nothing is sent first.

No custody key. Trade from MPC vaults or self-custody wallets. TetraFi never holds a key.
Failure handling you choose. Automatic refund, claimed refund or re-sign with a fresh authorisation.

see it in the productoperations · settlement health

02 record

One record per trade,
sealed as it settles.

Execution price, fill time, slippage, on-chain transactions and the compliance snapshot frozen at execution, hash-chained on the trade's own page. Exportable.

Trade history with an expanded trade record — trade history · one expanded record · overview, on-chain settlement, compliance snapshot

03 coverage

Stablecoins, regional currencies, tokenised assets and bank rails.

USD stablecoins (USDC, USDT, PYUSD, RLUSD, USDG and more), non-USD stablecoins (EURC, MXNB, AUDF, QCAD, ZARU, a dirham stablecoin), fiat from EUR and GBP to ZAR, NGN, KES, IDR and MYR, tokenised equities and gold, and crypto majors. Every figure here is read from the platform's versioned contract registry and solver directory.

276 tradable pairs by type

one block is ten pairs · registry v56 · testnet deployments ahead of the pilot

networks: EthereumBaseOptimismArcSolanaTronRobinhood Chain
fills: Five ways a fill can happen. Direct DEX execution, same-asset bridges, on-chain FX on Arc, OTC desks over RFQ with deferred settlement, and exchange spot lanes settling on the venue ledger.
composite: Bridge and convert in one order. Thirty-five routes chain a bridge with an on-chain FX leg, so USDC on Optimism or Base settles as EURC, MXNB, AUDF, QCAD or ZARU on Arc from a single request, and the reverse.
bank rails: Fiat in and out. PIX, Fedwire, SEPA and SPEI on one side, USDC or USDT on Base on the other, from the same workspace.

04 why tetrafi

A settlement network,
not a trading system.

TetraFi is a permissioned network where institutions price, clear and settle stablecoin and tokenised real-world asset trades against escrow. It does not replace your order management system. It replaces what happens after the price is agreed. Different jobs. Many desks will run both.

concern	trading system	tetrafi
Counterparties	You negotiate and onboard with each liquidity provider yourself, one by one.	Onboard once. One compliance gate covers every counterparty on the network.
Compliance	Your own checks, run per counterparty, outside the system.	Every request clears the pre-trade gate before any desk sees it.
Settlement	Bilateral, on credit lines or prefunded balances, moved through custodian transfers.	Your funds lock in escrow and pay out on proof of delivery. No delivery, full refund.
Record	Reconciled across venues and counterparties after the fact.	One hash-chained evidence record per trade, sealed as it settles.
Custody	Connects to your custodians to move funds after the trade.	Trade straight from MPC vaults or self-custody wallets. TetraFi never holds a key.
Scope	Spot, derivatives, algos, portfolio tools and data for every kind of desk.	One job: liquidity and settlement for stablecoins and tokenised real-world assets, across chains.

05 next on the network

Coming soon.

What the network is designed to do next. Neither is live yet.

multilateral netting coming soon

Settle the difference,
not the gross.

Obligations between members offset across venues, chains and counterparties, so only each member's net residual moves. Each member covers only its net position, and only for the run. Obligations clear by atomic multilateral set-off, with no novation: each residual settles with the counterparty of the original trade.

Fewer transfers. One net figure per member, per asset, per run, instead of one transfer per trade.
Far less capital in motion. Buffers sized for gross flow shrink to cover for the net.
Nothing to guarantee. No margin, no default fund and no mutualised losses.
Proven before it executes. Every run ships a validity proof checked on-chain, so a wrong answer cannot execute.
Your own policy domain. Counterparty sets, deadline tiers, backstop order and asset scope, configured per member.
Adoptable on its own. Operators who run none of TetraFi's other rails can adopt it; our own rails are simply the first book pointed at it.

In the product it is one choice: settle instantly at today's price, or clear at a deadline you pick, at a tighter one. Netting is a primitive, not a venue: point it at a book you already settle, from loans and receivables to trade finance and DvP.

In the docs: how netting works → · who adopts it →

the model in full: read the whitepaper →

gross · every trade settles in fullillustrative · $m · coming soon

Trade from chat

Request quotes and confirm trades from the chat your desk already uses. Settlement details never travel through the chat. They come from TetraFi only.

TelegramWhatsAppSlack

coming soon

next · 02 Collateral Commit capital once. Every product draws on it.

book a demo

Stop sending first.

See a trade requested, cleared, priced and settled in one flow, on your own corridors.

Book a demo → Read the API →