Cross-border settlement layer · BRICS+ corridors
Trade between BRICS+ economies still leaves the region to come back. Token BRICS keeps it inside: local currency in, local currency out, matched and settled in a single movement instead of a chain of correspondent banks.
The detour
It is a sequence of separate payments, each with its own cut-off time, its own fee and its own counterparty risk. Two currencies are involved, but three are used.
The lifecycle
A regulated issuer in each jurisdiction mints tokens against local currency held one-to-one in a segregated reserve account. The token is a claim on that reserve, nothing else.
The corridor engine pairs opposite flows on the same route and quotes a single rate, so the two currencies meet directly instead of passing through a vehicle currency.
Both legs execute atomically. Payment versus payment means either both sides settle or neither does — there is no window in which one institution is exposed to the other.
The receiving institution redeems tokens for local currency and credits the beneficiary through the domestic payment system it already uses.
Every leg emits an ISO 20022 message and writes an immutable record, so reconciliation, audit and supervisory reporting read from the same source.
Conditional settlement against payment or against shipping documents, enforced by the protocol rather than by trust.
Independent attestation of backing per currency, published on a fixed cycle.
pacs and camt messages out of the box, so core banking integration is a mapping exercise, not a rebuild.
Escrow, milestone release and trade-finance conditions written into the instruction itself.
Keys held in HSM or multi-party computation, with quorum approval and full ceremony logs.
Liquidity, latency and failure rates per route, visible to both sides of the trade.
The map
Corridors open in pairs, one regulated issuer at each end. Founding-member currencies are the first design targets; expansion-member currencies follow as local licensing allows.
Corridor availability depends on authorization in both jurisdictions and on applicable international sanctions regimes. Nothing here is an offer to operate where we are not licensed to do so.
Governance
Issuance and redemption sit inside each country's regulatory framework, under an entity that answers to that country's supervisor.
Sanctions, PEP and watchlist screening applied per jurisdiction at both ends of every corridor, before matching.
Originator and beneficiary data carried with the instruction and delivered in the format each supervisor expects.
A token represents commercial bank or e-money currency held in reserve. It is not a currency, not a security and not a claim on any state.
Contact
We work with banks, payment institutions, exchanges and exporters. Send the pair, the monthly volume and the jurisdictions involved, and we will come back with a settlement design and an integration estimate.