How a Block Trade Works at RYKI
A $5M Bitcoin order on a public exchange announces itself. The order book thins, the price moves, and the last fill costs more than the first. RYKI's bitcoin and crypto OTC desk runs the same order as one private transaction at one agreed price.
Enquiry. Submit the OTC form with your size, asset, and settlement preference. A dedicated dealer responds within two business hours.
Onboarding. KYC and source-of-funds review, handled directly by your dealer rather than a support queue. Institutional accounts typically go live within a few business days.
Quote. One all-in price for the full size, benchmarked to institutional market data and locked in real time. What you are quoted is what settles.
Execution. The trade executes away from public order books. Your size, position, and identity stay invisible to the market.
Settlement. Fiat or crypto, your preference: same-day bank settlement where cut-offs permit, stablecoin delivery typically in minutes, and full audit documentation on every trade.
From the second trade on, you deal directly with your named dealer by phone, email, or secure chat.
OTC Desk vs Crypto Exchange
The question isn't which is better. It's at what size an exchange stops making sense. For retail-sized orders, an exchange is fine. Above roughly $50,000, working a public order book starts costing real money in slippage and leaking information about your position.
| Feature | RYKI OTC Desk | Public Exchange |
|---|
| Price impact | One locked price for the full size | Large orders move the market against you |
| Privacy | Trade never appears on a public book | Order flow visible to the market |
| Pricing | Single all-in quote | Fees, spreads, and slippage stack |
| Trade size | $50K to $100M+ | Depth-limited at size |
| Settlement | Same-day fiat, stablecoins in minutes | Exchange withdrawal queues and limits |
| Support | Named dealer, direct line | Ticket queue |
An exchange fill of institutional size is really a series of small fills at worsening prices. An OTC block is one fill at one price, settled bilaterally, with the paperwork your auditor expects.
Who Trades With RYKI's OTC Desk
Family offices and HNWIs. Personal balance-sheet conversions, executed discreetly, often paired with bespoke digital asset solutions structured around residency and tax profile.
Corporate treasuries. Businesses converting revenue between crypto and fiat on a schedule, or managing stablecoin trading flows for cross-border payments and payroll.
Gaming operators. Casinos and online operators settling high-value player flows, including casino VIP funding, where verification happens in about 60 seconds instead of days.
Funds and institutions. Block execution with the option to settle proceeds straight into segregated custody, keeping trading and safekeeping under one regulated counterparty.
Crypto-native businesses. Exchanges, protocols, and blockchain companies that need banking-grade fiat rails a generic provider can't or won't supply.
Assets, Currencies, and Settlement Rails
Every OTC engagement settles on the rail that fits your operation, not the desk's convenience.
| Category | Supported |
|---|
| Digital assets | Bitcoin (BTC), Ethereum (ETH), and major digital assets on request, subject to compliance review |
| Stablecoins | USDT, USDC, PYUSD, EURC across Ethereum, Tron, Solana, and Polygon |
| Fiat currencies | USD, CAD, EUR, GBP, CHF, HKD, SGD, JPY via RYKI's partner banking network |
Bank settlement completes the same-day where banking cut-offs permit. Stablecoin settlement typically clears in minutes, whichever network you run on.
A Regulated Desk in Three Jurisdictions
Most OTC desks operate from one regulatory home, or none you can name. RYKI's desk executes under three: CIMA VASP registration no. 2208986 in the Cayman Islands, FSC authorisation VASP/26/024 in the British Virgin Islands, and FINTRAC MSB registration #M19525430 through its Canadian entity.
For a fund, treasury, or family office, that changes two practical things. You can choose the jurisdiction of execution that matches your domicile, tax structure, and reporting obligations. And you can name your counterparty in an audit: a licensed, supervised regulated VASP, not a chain of intermediaries.
Execution Quality, Measured
Since 2020, RYKI's desk has traded over $2 billion in volume for clients across 40+ countries without touching a public order book.
Every quote is benchmarked to institutional market data at the moment of pricing, every fill is documented for audit, and every relationship runs through a named dealer who answers for the execution.
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