Non-custodial by design
Client funds stay in the client's own custody until they are spent or instructed away. We are the regulated path, not the holder.
Synterra Innovations Ltd. · Whales Corp AG group
Regulated rails, and a relationship behind them.
A Canadian money services business serving a small number of private and corporate relationships: exchange and paying-agent execution, EUR, GBP and USD account access, and digital cheque issuance. Terms are agreed individually, after compliance review — there is no rate card and no application form.
BTC, ETH and USDC against EUR
Rate boards
Illustrative — not dealableThe standard board: the live venue reference, at the standard spread.
| Pair | Synterra buysyou sell to us | Synterra sellsyou buy from us | Spread |
|---|---|---|---|
| BTC / EUR | 96,398.23 | 97,641.77 | 1.29% |
| ETH / EUR | 3,137.26 | 3,177.74 | 1.29% |
| USDC / EUR | 0.9170 | 0.9215 | 0.49% |
The same reference, quoted tighter, for clients whose mandate sets preferred terms.
| Pair | Synterra buysyou sell to us | Synterra sellsyou buy from us | Spread |
|---|---|---|---|
| BTC / EUR | 96,633.47 | 97,406.53 | 0.80% |
| ETH / EUR | 3,144.92 | 3,170.08 | 0.80% |
| USDC / EUR | 0.9181 | 0.9204 | 0.25% |
The same reference, quoted wider for a day of forward risk.
| Pair | Synterra buysyou sell to us | Synterra sellsyou buy from us | Spread |
|---|---|---|---|
| BTC / EUR | 96,250.00 | 97,790.00 | 1.60% |
| ETH / EUR | 3,132.44 | 3,182.56 | 1.60% |
| USDC / EUR | 0.9163 | 0.9222 | 0.64% |
Quoted as euro per one unit of the asset. Every row carries live indicative market data from the venue, refreshed every few seconds; each board applies its own spread around that reference, which is why the three differ.
Available to onboarded clients only, and subject to compliance review of the underlying flow. Tickets beyond the standing size, and conversions into GBP or USD, are quoted directly with the desk rather than off the board.
Indicative market data, not a quote and not an offer. The rate a client deals on is the one confirmed to them in writing.
N300000167FINTRAC MSB registration
3Fiat currencies on our own rails
1Documented exchange behind every settlement
NoneClient funds held in custody
The house
Built for clients who need discretion,
Built for clients who need discretion,
capacity and a relationship
Most of what we do exists elsewhere as a product with a signup page. We are not that. We hold a deliberately small book, we know the people in it, and anything unusual reaches a named contact rather than a ticket queue.
What makes that possible is that the regulated entity is our own. Synterra Innovations Ltd is registered with FINTRAC as a money services business, wholly owned inside the Whales Corp AG group. When a client converts, settles or receives, the regulated counterparty is us — which is why we can size a limit to a person rather than to a policy.
Full transparency, once
Conversion is disclosed and agreed at the outset, not renegotiated per transaction and not discovered in a statement.
A relationship, not a rate card
Terms, limits and structuring are set individually after compliance review. That is slower to begin and better to live with.
What we do
Four service lines, extended individually
Each is covered in full on the pages behind it. None of them is self-service, and none of them begins before onboarding is complete.
Exchange & paying agent
Fiat and crypto conversion arranged directly with the desk, and third-party payments executed on documented, verified instruction — invoices, suppliers, payroll.
Execution →EUR, GBP & USD settlement
Conversion settles in the currency the client banks in, to an account in their own name, with one documented exchange behind it. We are the counterparty, not a place the money sits.
The rails →Business suite
The same relationship structured around a company: corporate cards, multiple authorised users and sub-accounts, bulk disbursement and payroll, on the same point of contact.
For entities →Post.Cash digital cheques
Issue crypto as a cheque — a serial, a settlement currency and network, and a claim code redeemable once. Solana, Ethereum and Tron.
Cheques →
From customer to client
One relationship, four steps
Every fiat amount a client receives traces back to a single documented exchange with a regulated entity. That is the whole point of owning the rails, and it is what a banking partner asks to see.
- Step one
Onboarding & KYC
Full identity verification, source of funds above set thresholds, and screening against sanctions and PEP lists. Most clear within days.
- Step two
Client of the MSB
The client is onboarded to Synterra Innovations Ltd., the FINTRAC-registered money services business inside the group.
- Step three
Regulated exchange
Fiat and crypto convert in one documented, traceable transaction with us as the regulated counterparty — not through an intermediary.
- Step four
Instructed payments
Transfers, supplier payments and payroll are executed on the client's instruction, out of funds whose origin is already on the record.
Compliance
The discipline behind every relationship
Verified identity, documented source of funds, screened counterparties and continuous transaction monitoring — applied at every onboarding and on every flow, calibrated to the risk profile and the jurisdiction. It is the reason a small book is a feature rather than a limitation.
KYC
Every client, individual or corporate, before a first transaction.
Source of funds
Documented above set thresholds, with enhanced review where warranted.
Screening
PEP, sanctions and watchlists, at onboarding and on an ongoing basis.
Monitoring
Transactions screened with TRM Labs blockchain analytics.
Let's talk
Every relationship begins with a conversation
Not an application form. Tell us what you need to move, where it has to arrive, and what your advisers need to see. Terms, limits and structuring follow compliance review.