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Business money, held by you.

Regulated rails, and a relationship behind them: exchange and paying-agent execution with EUR, GBP and USD settlement from a Canadian money services business that never holds your funds. Terms are agreed with you individually, after compliance review — there is no rate card and no application form.

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  • N300000167FINTRAC MSB registration
  • 3Fiat currencies on our own rails
  • 1Documented exchange behind every settlement
  • NoneClient funds held in custody

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, and operates Holders Business. When you convert, settle or receive, the regulated counterparty is us — which is why we can size a limit to a person rather than to a policy.

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.

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.

Four service lines, extended individually

Structured around the client, not retrofitted to them. Each is set out below. None of them is self-service, none of them begins before onboarding is complete, and none of them has a published rate card.

Exchange & paying agent

Conversion and settlement sized for meaningful volume, arranged directly with the desk rather than routed through a generic interface.

As paying agent we execute third-party payments on documented, verified instruction — settling invoices, payroll and supplier payments on a client’s behalf, with full originator and beneficiary records retained throughout.

Fiat ↔ crypto exchange

Conversion sized for real volume and arranged directly with the desk, at terms agreed with the relationship rather than quoted per click.

Third-party payment execution

Invoices, payroll and supplier payments settled on documented instruction, with originator and beneficiary records retained for compliance.

Structured, documented settlement

Every flow is documented end to end, with reconciliation and audit trails maintained and available to compliance and banking partners on request.

EUR, GBP & USD settlement

Holders Business is not simply an introduction to a bank. It runs on regulated infrastructure in its own right — Synterra Innovations Ltd. — standing behind every EUR, GBP and USD settlement we make.

One exchange, one audit trail

Because the exchange happens directly with us as a regulated entity, every fiat amount you receive traces to a single, fully documented exchange transaction — a clear audit trail for a banking partner to review.

Settled in the currency you bank in

Conversion settles in the currency you bank in, to an account in your own name. We are the counterparty to the exchange and the party that documents it — not a place your money sits between the two.

The rails, not just a relationship

An introduction to a bank leaves the hardest question unanswered: where did this money come from, and who is answerable for it. When the exchange counterparty is a registered money services business inside the same group, that question has one documented answer.

Regulated counterparty
Synterra Innovations Ltd.
Registration
FINTRAC MSB N300000167
Currencies
EUR · GBP · USD

Business suite

The same relationship extends to entities — exchange and paying-agent services and banking rails, structured around the company rather than retrofitted to it: corporate cards, multiple authorised users and sub-accounts, bulk disbursement and payroll, on the same point of contact.

Multi-user & sub-accounts

Multiple authorised users and sub-accounts, suited to teams, treasuries and multi-entity structures.

Bulk payments & payroll

Paying-agent services extended to bulk disbursement — supplier payments, contractor settlements, payroll runs.

Dedicated banking access

The same EUR, GBP and USD rails, on the same point of contact as the personal relationship.

Post.Cash digital cheques

Send crypto as a digital cheque: the familiarity of a paper instrument, settled with blockchain finality. A serial, a settlement currency and network, and a claim code redeemable once — then stamped paid on-chain. Solana, Ethereum and Tron.

Reimagined cheque issuance

Issue and send crypto as digital cheques across Solana, Ethereum and Tron.

Multi-chain support

Settle natively across three chains, without requiring the recipient to already hold a wallet on the issuing chain.

A familiar instrument, on-chain

Issue, send, redeem — with the settlement finality and transparency of blockchain rails.

Built for exchange offices

Licensed desks, online or at the counter, issue a cheque as the final step of an already-verified transaction — an auditable alternative to a cash payout.

BTC, ETH and USDC against EUR

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.

Illustrative — not dealable

The standard board: the live venue reference, at the standard spread.

1-Day Fixed Rates
PairWe buyyou sell to usWe sellyou buy from usSpread
BTC / EUR96,398.2397,641.771.29%
ETH / EUR3,137.263,177.741.29%
USDC / EUR0.91700.92150.49%

Indicative market data, not a quote and not an offer. The rate a client deals on is the one confirmed to them in writing.

Paid in crypto, banked in your currency

A merchant who accepts crypto ends up holding an asset they did not set out to own, acquired in the ordinary course of trading. The question is not how to store it. It is how to turn it back into the currency the business actually runs on, with a record good enough for the accountant and the bank.

  1. The sale

    Your customer pays in crypto against your invoice, at the price you set in your own currency. The receipt is revenue from your economic activity, tied to an order reference — not a transfer from an unexplained wallet.

  2. The receipt

    What arrives is matched to the sale that produced it and screened before it counts as settled. The origin of the funds is established at the moment they land, rather than reconstructed months later when someone asks.

  3. The delegation

    You instruct us to convert it. That instruction is a standing one for the flow, not a decision you make per transaction — you are running a business, not a trading desk, and the mandate says so in writing.

  4. The settlement

    We convert as the regulated counterparty in one documented exchange and settle EUR, GBP or USD straight to your own account. One transaction stands behind every fiat amount you receive, and none of it rests with us on the way.

Why it is bankable

The source of funds is your business

Crypto received as sales revenue, against invoices, from identified counterparties, is a documented origin. That is the difference between a conversion a banking partner can accept and one they will not.

We convert on your instruction

Delegated, not discretionary. We act on the mandate you signed, at the rate agreed for the day. We do not take a position on your behalf, and we do not decide when your revenue gets sold.

You keep pricing in your own currency

The asset exists between receipt and conversion and no longer. You are not asked to carry a currency you never chose, and the figure you invoiced is the figure you are settled.

One chain, sale to bank

The invoice, the receipt, the screening decision, the conversion and the settlement are entries in the same book. Your accountant and your bank read the same story.

What this is, in regulatory terms

You remain the owner of the funds throughout. Synterra Innovations Ltd. is the registered money services business that performs the exchange leg on your instruction, and where you ask us to pay a third party out of the proceeds — a supplier, a contractor, a payroll run — we do so as paying agent, on documented instruction, retaining originator and beneficiary records.

Onboarding is the same as for any other client: full verification of the entity and its beneficial owners, documented source of funds, and screening at onboarding and on an ongoing basis. A merchant flow is not a lighter category of relationship.

Suited to

Online sellers
Crypto at checkout
Import & export
Cross-border invoicing
Services & agencies
Invoiced in crypto
Gaming & digital goods
High volume, small tickets
Settles in
EUR · GBP · USD

Conversion happens at the 1-Day Fixed Rates board, or is quoted directly with the desk where the size warrants it.

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.

  1. Onboarding & KYC

    Full identity verification, source of funds above set thresholds, and screening against sanctions and PEP lists. Most clear within days.

  2. Client of the MSB

    The client is onboarded to Synterra Innovations Ltd., the FINTRAC-registered money services business inside the group.

  3. Regulated exchange

    Fiat and crypto convert in one documented, traceable transaction with us as the regulated counterparty — not through an intermediary.

  4. 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, by design

Every relationship runs on the same underlying discipline: verified identity, documented funds, screened counterparties, and continuous transaction monitoring. It is the reason a deliberately small book is a feature rather than a limitation.

A registered money services business

Synterra Innovations Ltd. is registered with the Financial Transactions and Reports Analysis Centre of Canada as a money services business. The registration is ours: the group does not refer clients to a third party’s licence and then describe it as regulated infrastructure.

That distinction is what allows every fiat amount a client receives to trace back to a single documented exchange transaction with a regulated counterparty — the record a banking partner asks to see.

The registration covers exchange and paying-agent activity. It is not a deposit-taking licence, and we do not hold client funds: value converts in a single transaction and settles to an account in the client’s own name.

Registration

Legal name
Synterra Innovations Ltd.
Corporation number
1639649-6
Regulator
FINTRAC · Canada
MSB registration
N300000167
Group
Whales Corp AG
Registered office
Ottawa, Ontario, Canada
Compliance contact
info@synterrainnovations.ca

Registration status can be confirmed directly against FINTRAC’s public MSB registry.

Applied at every onboarding, and on every flow

Calibrated to each relationship’s risk profile and jurisdiction, by Whales Corp AG and Synterra Innovations Ltd. together, and owned by Howard Brand as the officer designated under the entity’s money services business registration. A control that annotates a record afterwards is a report; these decide whether the transaction happens.

  • KYC at every onboarding

    Every client, individual or corporate, completes full identity verification before their first transaction. No exceptions and no provisional access.

  • Source of funds

    Clients document the origin of funds above set thresholds, with enhanced review for higher-risk relationships.

  • PEP & sanctions screening

    Every client and counterparty is screened against global PEP, sanctions and watchlist databases — at onboarding and on an ongoing basis.

  • Transaction monitoring

    Every transaction is screened by TRM Labs blockchain analytics, flagging sanctioned addresses and funds of illicit origin.

Documented end to end

As paying agent we retain full originator and beneficiary records on every executed instruction. Reconciliation and audit trails are maintained for each flow and made available to compliance and banking partners on request.

A question asked about a transaction two years after it settled is answered by reading the record, not by reconstructing it from logs.

Originator and beneficiary

Retained on every third-party payment we execute, for the period the applicable rules require.

One exchange per settlement

Each fiat amount settled traces to a single documented conversion with the registered entity — no chain of intermediaries to unpick.

Available on request

Reconciliation and audit trails are produced for compliance functions and banking partners without a special exercise.

Asked by clients, advisers and banking partners

Do you take custody of client funds?

No — and that includes the EUR, GBP and USD rails. A conversion settles to an account in the client’s own name, not to a balance held with us. Where we act as paying agent we execute a documented instruction rather than hold funds on a client’s behalf. An exchange is a single transaction, not a deposit. At no point in the relationship do we take title to, or become the holder of, a client’s funds.

Who is the regulated counterparty on an exchange?

Synterra Innovations Ltd., registered with FINTRAC as a money services business (N300000167) and wholly owned inside the Whales Corp AG group. The conversion is a single transaction with us, which is what makes the fiat a client receives traceable to one documented event.

What will you ask for at onboarding?

Full identity verification for the individual or the entity and its beneficial owners; documentation of the source of funds above set thresholds; and screening against sanctions, PEP and watchlist databases. Higher-risk relationships receive enhanced review. Most onboardings clear within days.

Do you decline business?

Regularly, and that includes introductions from partners. A partner agreement does not commit us to accepting a referred client, and a relationship that cannot document where its funds came from is not one we can take on at any size.

How do authorities or a banking partner make a request?

In writing, to info@synterrainnovations.ca, addressed to Howard Brand, the officer designated under the entity’s money services business registration, at the registered office. Requests are answered against the retained record.

Verified, written, and logged

Partners who introduce clients are compensated on the activity those clients generate. Every partner completes verification and signs a written agreement before making an introduction, and commercial terms are tailored to the relationship.

Personally handled introductions

Partners are compensated on the activity their referred clients generate, under a signed agreement. Terms are tailored per relationship rather than drawn from a public rate card, and every referral is logged.

Scales with the relationship

The more substantial and durable the introduction, the greater the benefit. The structure rewards genuine relationships, not volume of referrals.

A verified, written agreement

Formalised in writing before any referral, with partner verification, ongoing account monitoring, and payout terms documented upfront.

Three tracks, one per product vector

Combinable if a client takes more than one service. Every track pays out automatically, per transaction, in USDC.

Partner tracks and earnings
TrackCommission structureApplies to
Track 1 — Card referral30% of the ~1.5% card conversion revenueFirst $100k / €100k / £100k spent per client
Track 2 — MSB conversion services0.15% of stablecoin volume; 0.25% of all other crypto (e.g. TON, BTC)All conversion volume — lifetime of the client
Track 3 — Post.Cash programme50% revenue share on subscription fees and technical issuance feesAll Post.Cash revenue — lifetime of the client

Track 1 — worked example

$100,000 × 1.5% × 30% = up to $450

Per client, on the first $100k of card spend. A ceiling, not a projection — actual conversion revenue depends on how the client spends.

Tracks 2 and 3 are volume-linked and continue for the lifetime of the client. Qualifying partners are registered and reported as agents of Synterra Innovations Ltd. wherever MSB agent-registration rules apply — which is a regulatory obligation, not a formality, and part of what the written agreement covers.

Terms are agreed per partner. Write with the shape of your book and where your clients are; verification and the written agreement come before any introduction.

A Swiss holding company and three working parts

Whales Corp AG is a Swiss holding company specialised in private-client financial services for crypto, delivered through international, non-custodial infrastructure and a network of managed subsidiaries. As the strategic centre of the group it holds governance, investment and long-term partner relationships.

  • Synterra Innovations Ltd.

    A Canadian money services business registered with FINTRAC (N300000167), wholly owned by the group, and the operator of Holders Business. Our own regulated rails — not a referral to someone else’s.

  • Software house

    Research and development units located in favourable jurisdictions, building the infrastructure the services run on.

  • Exchange & EMI network

    Long-standing relationships with exchange desks, EMI providers and fintechs across the jurisdictions the group operates in.

The people you will deal with

The group excludes formal and nominal roles: every position reflects real participation and responsibility. This is a small house, and the names below are the people a client actually reaches — not a switchboard in front of them.

Howard Brand

Designated officer · FINTRAC

Director · Compliance Officer

Answerable for the conduct of the entity: which relationships it takes on and the terms agreed on each of them. Also the officer designated under the money services business registration, which carries the compliance programme, the KYC and source-of-funds standards, and the authority to decline a relationship.

Andrei Moskvitch

Synterra Innovations Ltd.

Counsel

The written agreements behind every mandate, correspondence with regulators and banking partners, and the regulatory framework the business operates under.

Eugene Marinoff

Synterra Innovations Ltd.

Client Success

Onboarding through to day-to-day execution, and the named contact a client reaches when something is not as it was expected to be.

Wholly owned, and disclosed

Synterra Innovations Ltd. is wholly owned by Whales Corp AG. Shareholders and ultimate beneficial owners are documented, and the ownership structure is disclosed to regulators, banking partners and correspondent counterparties on request. The group states maximum transparency of team, ownership and investor composition as a principle; this is where that principle has to hold.

Discretion, capacity, and a direct relationship

Exchange and paying-agent services, banking rails and digital cheque issuance are extended individually to clients and partners who need real capacity and a direct relationship rather than a queue.

That is a deliberate constraint. A house that takes every relationship cannot know any of them, and a limit sized by policy rather than by a person is the wrong limit for almost everybody.

  • Infrastructure
  • Reliability
  • Honesty
  • Stability
  • Durability

Full transparency and openness

Conversion is disclosed and agreed once. Nothing about the arrangement is meant to be discovered later.

Non-custodial by design

Client funds stay in the client’s custody. We are the regulated path, not the holder.

Real relationships, not a product

Built for clients who require discretion, capacity and a relationship — not a standardised product.

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. Mail is answered by a person.

Request an introduction

Before you write — we are not a fit for everyone

We take a small number of relationships and decline more than we accept. If you are looking for an instant account, an anonymous rail, or a counterparty who will not ask where funds came from, we are the wrong house — and saying so now saves us both the compliance review.

Clients and introductions

info@synterrainnovations.ca

Onboarding, exchange and paying-agent mandates, and banking rails.

Existing relationships

support@synterrainnovations.ca

A payment that has not arrived, a limit that needs revisiting, a document you need again.

Group

corp@whalescorp.com

Whales Corp AG — governance, investment and group partner relationships.

Registered office

Synterra Innovations Ltd.
204-78 George St
Ottawa, Ontario K1N 5W1
Canada

Details of record

Legal name
Synterra Innovations Ltd.
Corporation number
1639649-6
FINTRAC MSB
N300000167
Group
Whales Corp AG