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ALL SYSTEMS OPERATIONAL
LUGANO ·
SESSION 087·26
A multinational VASP groupEst. pre-2026

Regulationis ourmoat.

Fiat banking and crypto OTC — delivered through four licensed entities across Switzerland, the EU, the US and Canada. Compliance isn't a feature. It's the product.

Open an accountWatch 90-sec tour
PolyReg SRO
Switzerland · 2024
FinCEN MSB
United States · 2024
FINTRAC MSB
Canada · 2025
MiCA — in progress
Latvia · EU
Live · OTC Desk
BTC/USD77,669.00▼ 0.12%
ETH/EUR1,976.10▲ 0.19%
USDC/GBP0.7388▼ 0.21%
USDC/EUR0.8529▼ 0.14%
USDT/CHF0.7850▼ 0.16%
Settle · T+0Spread · 10 bps
Scroll
01 / SERVICES

Two desks. One license stack.

A fiat banking side and a crypto OTC side, built on the same regulated rails — the most seamlessly interoperable platform in a single interface.

A
Fiat Banking

Accounts that behave like accounts.

Dedicated IBANs in EUR, GBP and USD. Me-to-me plus third-party payment accounts. SEPA Instant, SWIFT, FPS — all from one ledger.

  • 01Me-to-me · EUR · GBP · USD
  • 02Third-party payments · USD · GBP · EUR
  • 03SEPA Instant · SWIFT · FPS
  • 04Dedicated IBAN per account
Explore Fiat Banking
B
Crypto OTC
BTC/USD · Desk
96,842.18
Spread
4.0 bps
Bid96,840.18
Mid96,842.18
Ask96,844.18

Size that won't slip.

Principal-to-principal execution across five fiat currencies, with CAD and JPY online this year. Tight spreads, T+0 settlement, no exchange spoofing your fill.

  • 01EUR · GBP · USD · MXN · COP
  • 02CAD · JPY — expanding 2026
  • 03T+0 settlement · principal desk
  • 0410 bps median spread · majors
Explore Crypto OTC
08 / WHO WE SERVE

Five client types.
One principal desk.

Each profile onboards under the entity that best fits their jurisdiction and flow. Scroll the tabs — the desk behind them is the same.

Corporates01 of 05

Treasury that moves at operational speed.

Companies holding crypto on their balance sheet, paying overseas suppliers, or rebalancing fiat across jurisdictions. Onboarding under the entity that matches your corporate seat.

Typical flows
01FX & crypto-fiat conversions
02Cross-border supplier payments
03Payroll in alt-currencies
04Treasury rebalancing
24h
avg. settlement
01
Monthly volume
$40M
Across all currency pairs
02
Currencies
5+2
EUR · GBP · USD · MXN · COP
03
Licensed entities
3
CH · US · CA · (EU MiCA pending)
04
Median spread
10 bps
On major pairs · principal desk
02 / REGULATORY MOAT

Four licensed entities.
One continuous book.

Most crypto-fiat players run on a single license and hope regulators don't ask twice. We run on four — plus points of contact in Latin America and an incoming Japanese entity. That's not overhead. That's the reason clients can sleep at night.

SAGLSIALLCLtdKKSROSRO
7 locations · 3 licensed entities · 1 EU entity (MiCA) · 2 points of contact · 1 opening
PolyReg SRO
GOAT SAGL
Switzerland · Lugano

Our Swiss entity, registered with PolyReg — a Swiss federally recognized self-regulatory organization. Swiss precision, Swiss neutrality.

Status
Active
Since
2024
Regulatory scope
  • VASP registration
  • AML program
  • Fiat settlement
12 / COUNTERPARTIES

The rails under the rails.

Client fiat sits with tier-1 correspondent banks. Crypto sits with qualified institutional custodians. We do not take custody of client assets — we operate the regulated layer in front of them.

◉
Tier-1 Swiss
CH correspondent
◈
EU Clearing
SEPA Instant
◆
US Correspondent
Fedwire · ACH
◇
UK FPS Agent
Faster Payments
⬡
Qualified Custodian
Crypto · insured
⬢
MPC Infrastructure
Hot wallet layer
Specific counterparty names disclosed under NDA during onboarding
03 / FLOW

From wire to trade
in one regulated book.

01

Onboarding

We onboard under the jurisdiction that fits you — Swiss SAGL for European HNW, US LLC for LATAM corridors, Canadian Ltd for CAD flow, Latvian SIA for the EU passport (in progress - coming soon).

Avg. 36 hrs
Enhanced due diligence
Source-of-funds review
SAGLCHSIALTLLCUSLtdCA
05 / SECURITY

Three walls between
you and risk.

A regulated entity is the first wall. A qualified custodian is the second. An external audit is the third. All three are standard here.

01
Segregation

Client funds never touch our balance sheet.

Dedicated IBANs under each licensed entity. Fiat sits in ring-fenced accounts with tier-1 correspondent banks — not pooled, not lent, not rehypothecated.

  • Dedicated IBAN per account
  • Ring-fenced at bank level
  • No lending of client fiat
02
Custody

Crypto held by qualified custodians.

On-chain assets are held with licensed institutional custodians across cold, warm, and MPC-based hot storage. Insurance coverage applies to every wallet tier we operate.

  • Multi-sig cold storage
  • MPC hot wallets
  • Insurance-backed custody
03
Oversight

Four regulators. External audits. Always.

Swiss federally recognized SRO in Switzerland. MiCA in progress in Latvia. FinCEN in the US. FINTRAC in Canada. Plus Big-4 financial audits and annual pen-tests on all systems.

  • 4 regulators concurrent
  • Big-4 annual audits
  • Quarterly pen-tests
Audit & attestation
ISO 27001
Via certified partners & vendors
SOC 2
Type II · via partners
Big-4
Financial audit
We don't hold custody of client assets — so no Proof-of-Reserves attestation applies. Our infrastructure, KYT and custody partners carry their own ISO 27001 and SOC 2 Type II certifications, which we rely on as part of our controls framework.
10 / PRICING

Volume-tiered.
Quoted as principal.

No hidden spreads, no platform fee, no custody charge. The number on the quote is the number you pay.

Standard
Up to $5M monthly
From
30 bps
on major pairs
  • Dedicated IBAN
  • Desk access · business hours
  • T+0 settlement
  • Email support
Talk to desk
Most common
Institutional
$5M – $50M monthly
From
10–15 bps
on major pairs
  • All Standard benefits
  • Dedicated relationship manager
  • 24/5 desk access
  • Custom reporting
  • Multi-entity onboarding
Talk to desk
Prime
$50M+ monthly
From
Custom
on major pairs
  • All Institutional benefits
  • White-glove onboarding
  • 24/7 desk access
  • API-first integration
  • Negotiated corridor pricing
Talk to desk
All rates indicative · non-major pairs priced on request · settlement fees passed at cost
09 / CLIENT VOICES

Anonymized. Verified.

"
The spread held on a $40M BTC ticket. No broker I've used before could do that without splitting it across four venues.
Head of Trading
Macro fund · Zurich
$800M AUM
"
We moved our entire LATAM payroll corridor to GOAT because the Colombia SRO actually picks up the phone in Bogotá hours.
Group Treasurer
Fintech · Mexico City
Series C
"
Four regulators is not a marketing line. Our compliance team verified all four before we signed. That's why we signed.
General Counsel
Family office · London
£1.2B AUM
04 / THE GROUP

Most crypto-fiat shops
started in a spreadsheet.
We started in a regulator's office.

GOAT Finance registered its Swiss entity with PolyReg in 2024, the same year we registered as an MSB with FinCEN in the US. Canada followed in 2025 with FINTRAC. Our EU arm is transitioning to GOAT Finance SIA in Latvia, currently in registration — targeting MiCA authorization for the EU single market.

Today we run a principal OTC desk and a fiat banking stack that speaks SEPA, FPS, and SWIFT — live in USD, EUR, GBP, MXN and COP, with CAD and JPY next. Points of contact in Colombia and Panama open in 2026, alongside GOAT Finance KK in Tokyo.

01
Regulation as moat
Every entity is a dedicated license, not a referral. If a regulator rings, we pick up.
02
Principal, not broker
Our OTC desk quotes off our own book. The number you see is the number you pay.
03
One group, one audit trail
Fiat in, crypto out, back to fiat — everything lives inside the same regulated entity.
Group structure
GOAT SAGL
Switzerland · Lugano
PolyReg SRO
2024
GOAT LLC
United States · Miami
FinCEN MSB · USD·EUR·GBP·MXN
2024
GOAT Ltd
Canada · Toronto
FINTRAC MSB · CAD desk
2025
GOAT SIA
Latvia · Riga
MiCA in progress · in registration
2026
GOAT SRO
Colombia · Panama · LATAM
USD · MXN · COP · EUR
2026
GOAT KK
Japan · Tokyo
Opening · JFSA
2026
11 / LATEST

From the group.

All news
GroupApr 2026

GOAT Finance KK opens Tokyo office in Marunouchi.

Our Japanese entity begins operations with JFSA engagement underway, bringing JPY rails online for Asia-Pacific clients.

Read
RegulatoryMar 2026

GOAT Finance SIA registration underway in Latvia.

Latvian entity in registration, targeting MiCA authorization for the EU single market.

Read
MarketFeb 2026

LATAM corridor volume crosses $200M quarterly.

Our US entity reports a step-change in USD–MXN and USD–COP flows as Colombia and Panama SROs prepare for launch.

Read
06 / QUESTIONS

Things clients
ask us on day one.

Not every question has a short answer. These do.

Ask us anything

We onboard institutional and high-net-worth clients across North America, Europe, Latin America, and — as of 2026 — Asia-Pacific. Corporates, funds, family offices, and qualifying individuals. Each applicant is routed to the entity that best fits their jurisdiction and use case.

It depends on where you are and what you need. EU clients typically go through our Latvian SIA (MiCA in progress). Swiss and European HNW through SAGL. North American flow through LLC or Ltd. LATAM corridor flow through LLC with support from our Colombia and Panama points of contact. Our team confirms this on the intro call.

Median spread on major pairs (BTC, ETH, USDC, USDT against our six fiat currencies) is around 10 basis points for institutional-size tickets. Smaller or more exotic pairs widen from there. We quote as principal — what you see is what you pay.

Live: USD, EUR, GBP, MXN, COP. Coming in 2026: CAD and JPY. We settle crypto in BTC, ETH, USDC, USDT, and select L1s on request.

Fiat sits in ring-fenced accounts with tier-1 correspondent banks — client money is never pooled or used on our balance sheet. Crypto is held with qualified institutional custodians across cold, warm, and MPC hot wallets, with insurance coverage at every tier.

Average turnaround is 36 hours from complete documentation to first wire. Complex cases (multi-jurisdiction corporates, trust structures) can take a week. Enhanced due diligence is non-negotiable — it's the price of the licenses we hold.

T+0 on OTC trades. Fiat in via SEPA Instant, SWIFT, or FPS. Fiat out back to your own IBAN, to a third-party payment account you nominate, or out to self-custody on-chain.

07 / REACH US

Seven offices. One desk.

Our team answers across four continents. Pick a city, or just email the desk.

Lugano
SAGL
Switzerland
Via Serafino Balestra 27
CET ·
Riga
SIA
Latvia
Kr. Valdemāra iela 21
EET ·
Miami
LLC
United States
801 Brickell Avenue
EST ·
Toronto
Ltd
Canada
181 Bay Street
EST ·
Tokyo
KK · soon
Japan
Marunouchi — opening Q3
JST ·
Bogotá
SRO · soon
Colombia
Carrera 11 · SRO 2026
COT ·
Panama City
SRO · soon
Panama
Calle 50 · SRO 2026
EST ·
Talk to the desk
+41 91 208 50 00· 24/5 coverage
Request onboarding
Accepting new institutional clients · Q2 2026

Move like the market
moves.

Talk to a desk, not a chatbot. We'll tell you in one call whether we can onboard you — and under which entity.

Request onboardingEmail the desk
[email protected]·+41 91 208 50 00·Lugano · CH-6900