Institutions need two things from a crypto rail: the ability to move large tickets without moving the market, and the paperwork that keeps boards and banks comfortable. Public exchanges are great for discovery, not for execution at size. An OTC desk fills that gap. You get firm pricing, coordinated delivery, and a record that finance and compliance can file without friction.

Below is a business-first walkthrough of how an OTC desk improves execution, who benefits, and what a strong control framework looks like.

Why institutions use OTC instead of exchanges

Price certainty at size - RFQ and firm quotes protect you from slippage, partial fills, and order book signaling.

Coordinated settlement - You agree price, asset, amount, and settlement window. The desk handles both legs and delivers to approved bank accounts or wallets.

Speed that matches deals - Funds land when they are needed. Same-day conversion from USDT or USDC to USD, EUR, GBP, or AUD keeps treasury schedules intact.

Cleaner records - Trade tickets, on-chain references, and bank confirmations map neatly to internal deal IDs and audit packs.

Who benefits

• Funds and trading firms - Portfolio rotation, redemptions, and financing flows that require reliable size and timing.
  
  
• CFD and FX brokers - Liquidity for client payouts, working capital, and weekend operations when banks are closed.
  
  
• PSPs and platforms - Merchant settlements, partner revenue share, and cross-border rebalancing with predictable fees.
  
  
• Enterprises and treasurers - High-value supplier payments, asset purchases, and reserve management without correspondent drift.
  
  
• Real estate, maritime, luxury - Large ticket conversions with delivery to escrow, port agents, marinas, or trust accounts.

Typical OTC use cases

• Stablecoin to fiat at size - Convert USDT or USDC to base currency for payroll, vendor runs, or settlements.
  
  
• BTC or ETH receipt with instant conversion - Accept client assets and convert immediately to protect economics.
  
  
• Rebalancing and cash management - Shift between assets and currencies without signaling to the market.
  
  
• Event-driven flows - Launches, closings, or large payouts that cannot slip due to cut-offs or holidays.

The execution flow, in four clear steps

1. RFQ - You request a quote for asset, size, and settlement currency. Optional constraints such as max slippage or validity window are set up front.
   
   
2. Confirm - The desk returns a firm price. You confirm within the window and receive settlement instructions.
   
   
3. Deliver and convert - You deliver crypto to a verified address. The desk converts and wires fiat to an approved account, or delivers crypto to a whitelisted wallet.
   
   
4. File the record - You receive a trade ticket, on-chain hash, and bank confirmation. Everything ties back to your internal reference.

Compliance that scales with you

Controls are part of the product, not a bolt-on.

• KYC/KYB and identity - Verified counterparties through Sumsub.
  
  
• Sanctions and PEP screening - Automated checks on each counterparty and flow.
  
  
• Geo rules and thresholds - Policy-based limits by region, size, and frequency.
  
  
• Ongoing monitoring - Alerts for unusual patterns, with hold and review when needed.
  
  
• Source-of-funds notes - Right-sized documentation for ticket value and risk tier.
  
  
• Audit trail - Immutable logs of checks, approvals, quotes, fills, and settlements that export cleanly for internal and external reviewers.

Risk controls that prevent headaches

What good looks like for finance and ops

• Predictable cut-off behavior - Same-day settlement to fiat when requested, including around weekends.
  
  
• Reconciliation that is fast - Internal reference ↔ trade ticket ↔ transaction hash ↔ bank proof.
  
  
• Lower support load - Real-time status updates reduce “where is my money” tickets.
  
  
• Clear unit economics - Flat fees and transparent spreads improve planning for treasury runs and payouts.

Metrics that confirm progress

• Time from RFQ to funds received
  
  
• Effective spread vs. public fills at similar size and time
  
  
• Percentage of trades settled within policy windows
  
  
• Exceptions per 100 trades and resolution time
  
  
• Share of flows covered by automated checks and rules

Quick playbooks

Treasury rebalance

• Morning RFQ for USDT → USD
  
  
• Confirm, deliver, receive bank proof by end of day
  
  
• File trade ticket and proof against treasury plan

Broker payout buffer

• Convert USDT to local fiat daily for client withdrawals
  
  
• Set limits, velocity checks, and an approval threshold
  
  
• Monitor payout speed and ticket volume

Enterprise vendor run

• Collect cross-border receipts in stablecoin
  
  
• Convert to base currency in scheduled OTC windows
  
  
• Batch settlements to approved bank accounts

Where WCT Pay fits

• Assets - USDT and USDC by default, BTC and ETH with instant conversion if preferred.
  
  
• Settlement - Same-day fiat to USD, EUR, GBP, or AUD through regulated partners, or crypto delivery to whitelisted wallets.
  
  
• Compliance - Sumsub-powered KYC/KYB, sanctions and PEP screening, geo rules, and monitoring built into the flow.
  
  
• Controls and reporting - Dual approvals, signed notifications, and exportable audit packs that tie identity checks to quotes, on-chain hashes, and bank references.

Move size with confidence and keep your records clean.
👉 Start with WCT Pay: https://wctpay.com/welcome/otc-desk