Funding an account
Bank transfer, and conversion from a linked crypto wallet
Settlement is in dirhams. A crypto holder converts through a licensed venue first — the platform never takes a token position on the investor's behalf.
Real elapsed time: minutes to one business day · 2 external system call(s) · simulated round trip 9,580 msInvestor is issued a virtual IBAN
Each investor gets a dedicated virtual account under the segregated client account, so an inbound transfer identifies itself without manual matching.
{
"parentAccount" : "Royex Tokenization — client money (segregated)",
"reference" : "INV-104",
"currency" : "AED",
"purpose" : "subscription funding"
}
{
"virtualIban" : "AE07 0331 **** **** **41 04",
"currency" : "AED",
"segregated" : true,
"commingled" : false
}
What changed
- Virtual IBAN assigned to INV-104
- Funds segregated from platform operating money
Segregation is a licence condition, not a nicety. Client money never sits in the operating account.
Inbound transfer received and reconciled
The bank notifies the platform. Because the virtual IBAN identifies the investor, reconciliation is automatic rather than a spreadsheet exercise.
{
"event" : "credit.received",
"virtualIban" : "AE07 0331 **** **** **41 04",
"amount" : 400000.00,
"currency" : "AED",
"remitter" : "HADDAD O",
"valueDate" : "settled",
"bankRef" : "FT26081100418"
}
{
"matchedAccount" : "INV-104",
"credited" : 400000.00,
"ledgerEntry" : "DEP-418306",
"balance" : 400000.00,
"reconciled" : true
}
What changed
- Balance AED 400,000.00
- Ledger entry DEP-418306 written
- Reconciled to bank reference FT26081100418
Investor links a crypto wallet
The wallet is screened before it is accepted. Linking is not the same as funding — no value has moved yet.
{
"address" : "0x8f42d1a9037c5be216d84f0913ab7e2c56d1904f",
"network" : "Ethereum",
"proof" : "signature over challenge nonce"
}
{
"linked" : true,
"ownershipProven" : true,
"chainAnalysis" : {
"riskScore" : "low",
"sanctionedCounterparties" : 0,
"mixerExposure" : "none"
},
"usableFor" : "conversion to AED only"
}
What changed
- Wallet linked and ownership proven
- Chain analysis retained as evidence
Wallet screening is where AML actually bites on a crypto platform. A clean investor with a tainted wallet is still a problem.
Conversion to dirhams through a licensed venue
The investor sells crypto for dirhams at a licensed venue, and the dirhams land in the segregated account. Tokens are never bought with cryptocurrency.
{
"fromWallet" : "0x8f42...904f",
"sellAsset" : "USDT",
"sellAmount" : 13620.00,
"buyCurrency": "AED",
"payoutTo" : "AE07 0331 **** **** **41 04",
"onBehalfOf" : "INV-104"
}
{
"conversionId" : "CNV-771204",
"rate" : 3.6712,
"grossAed" : 50001.74,
"venueFee" : 1.74,
"netAed" : 50000.00,
"payoutStatus" : "settled",
"settlementAsset" : "AED"
}
What changed
- AED 50,000.00 credited
- Balance AED 450,000.00
- No crypto held by the platform at any point
This is the architectural point most demos get wrong. The payment layer is a banking integration. Crypto is an on-ramp, not the settlement currency.