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Instant, Secure Institutional Cash

Move institutional capital in multiple currencies instantly and securely at zero cost with Frictionless Institutional Deposit Tokens, the digital cash solution built for the global capital markets.
 
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Multi-Currency , Multi Network

Global currency coverage

Available in all major global currencies, with support for new currencies being added regularly.

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fsEUR-black-1
fsGBP-black-1
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Why choose Institutional Deposit Tokens?

Frictionless Institutional Deposit Tokens work seamlessly and instantly across international markets, by leveraging next-generation tokenization infrastructure that’s more secure, far more efficient, lower cost, and more transparent than legacy rails, such as the correspondent banking network or SWIFT.

Instant Settlement

Transactions settle instantly via our audited tokenization technology, 365/24/7, error-free, enabling global markets to thrive.

The correspondent banking network can take several days to settle transactions and typically does not clear transactions on weekends or holidays introducing settlement risk.

Multi-Currency

Execute FX transactions in multiple currencies with transparent spot and forward rates from regulated FX partners.

Traditional FX providers often layer FX fees on transactions adding significant costs to transactions and requiring expensive currency sleeves.

Secure, Safe, Permissioned

Issued in Luxembourg  with key protections and compliance of Luxembourg & E.U. laws. Fully audited technology and fully reserved at G-SIB banks. Permissioned transactions provide safe KYT whilst benefiting from public blockchains

Corporate banks have varying degrees of credit risk whilst stablecoins are permissionless, opening institutional investors to hacking risk.

Zero Fee Transactions

Transactions executed by the frictionless protocol on behalf of institutional clients are fee-free. Institutional clients can execute their own transfers for a few cents regardless of the value of the transaction.

The SWIFT and traditional banking networks charge high fees for completing institutional-scale transactions.

Global Market, Instant Transactions

Our institutional cash solutions and tokenized products eliminate friction, setting the new standard for instant, secure, and global movement of institutional capital.

FRICTIONLESS CAPITAL MARKETS SOLUTIONS

Always secure, always transparently & independently attested

Frictionless Institutional Deposit Tokens are fully invested as currency into cash custodian accounts with G-SIB banks in the E.U.
Attestations of the balances of each underlying currency account are taken daily by independent fund accountants and recorded on the public blockchain for transparency and forensic audit.
 
VIEW ATTESTATIONS

Frequently Ask Questions

See the full FAQ

How does Frictionless guarantee that Frictionless Institutional Deposit Tokens are redeemable for fiat currency at face value?

The funds underpinning Frictionless Institutional Deposit Tokens are custodied in global tier-1 banks in the E.U. Unlike a stablecoin Issuer, Frictionless does not actively invest your funds, ensuring you can access them and redeem them instantly. This mandate is attested daily by our registered independent Fund Accountants, ensuring you can always redeem your Frictionless Institutional Deposit Tokens

Our transparency and attestations are publicly recorded on the blockchain.

 

Structurally, Frictionless Institutional Deposit Tokens are registered financial instruments in the form of bankruptcy-remote cash/currency securitization undertakings. 

See the Terms of Service

How do I convert Frictionless Institutional Deposit Tokens to fiat currency?

Holders can redeem their institutional deposit tokens for fiat to their registered bank account by either:

  1. Submitting a redemption request on the Frictionless portal account.
  2. Transferring their tokens to the settlement address.

Redemption requests received before 16:00 CET will be processed on the same day, and redemption requests received after 16:00 CET will be processed on the next business day. Redemption requests received on a non-business day will be processed on the next business day.

What currencies are supported?

Frictionless Institutional Deposit Tokens are currently available in the following currencies:

- fsUSD - U.S. Dollars
- fsGBP - British Pounds Sterling
- fsEUR - Euros

The following currencies are in the final approval stage and will soon be available on our portal and smart contracts:

- fsHKD - Hong Kong Dollars
- fsJPY - Japanese Yen
- fsAED - Emirati Dirham
- fsCHF - Swiss Franc
- fsSGD - Singapore Dollar

We continuously assess market demand for additional currencies. If you are interested in other currencies, please reach out to our Institutional Sales team.

Can I convert Institutional Deposit Tokens to stablecoin, such as USDC?

Yes, Frictionless supports instant ERC20 Swaps via our regulated Circle partnership and other partnerships with VASP-registered custodians in the E.U.

For more info on ERC20 Swaps see here

Are Frictionless Institutional Deposit Tokens a stablecoin?
No, A stablecoin is by design permissionless and its issuer invests your cash into cash equivalents and money market funds, pocketing the interest earned.
 
Frictionless Institutional Deposit Tokens are permissioned, ensuring they can only be transferred to eligible institutional holders, they are also legal financial collateral under the Luxembourg Financial Collateral Act 2005, but more importantly, your funds are custodied in global tier-1 banks in the E.U. Frictionless does not actively invest your funds, ensuring you can access them and redeem instantly.
 
See the Frictionless Institutional Deposit Tokens Terms of Service
Can I send my Frictionless Institutional Deposit Tokens to a non-permissioned address?

No, Whilst Holders(permissioned) are free to transfer between each other on a direct transfer basis. As a key market protection, if a transfer is attempted to a non-permissioned wallet address (such as an in-eligible Investor) the transaction will fail and a SARs report is automatically raised.