Multi-Currency Correspondent Banking Set-Ups For Canadian MSBs | Service Updated

This recently expanded service gives businesses and entrepreneurs in Canada access to a multicurrency dedicated SWIFT and SEPA accounts network that allows them to deal in crypto, fiat, and forex currencies seamlessly. Adopters can mediate access to a number of onshore and offshore Tier-1 banking institutions that have infrastructure set up to deal with decentralized assets, cryptocurrencies and other high risk businesses such as gaming and payments.

SAXE Global previously increased its focus on the region by providing a market-leading turnkey service for setting up Canada MSB’s with full regulatory and substance consulting included. This development separates its banking offering from its licensure offering, focusing on already licensed businesses and fortifies the group’s commitment to the region.

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As part of this move, SAXE Global has partnered with dozens of leading global banking institutions, each providing unique capabilities that businesses using SAXE can take advantage of. The company has particularly added support for Forex/CFD funds, crypto/NFT/DeFi assets, correspondent banking, and banking for gambling institutions.

This amounts to over 40 banks worldwide now accessible through SAXE Global, including arranging banking through industry mainstays such as J.P. Morgan, Deutsche Bank, Barclays, and Citi. These banks join other specialty institutions to round out a portfolio of qualified partners that, as a whole, can meet any banking need.

These institutions are available through SAXE Global’s advisory program, which is intended to help businesses and entrepreneurs stay ahead of regulatory requirements, tax liability, and structure simplification. As part of its advisory service, the company will pair new clients with one or more partner institutions to fully optimize these factors.

In the company’s own words, “Having gone through countless unsatisfactory processes of engaging “advisors” on cases ranging from a simple bank account opening to company formation, we set out with a mission to create a safe-haven for the modern entrepreneur.”

SAXE Global has positioned itself as an ideal choice for high-risk businesses. Through its optimization efforts, the company hopes to help these clients streamline their banking and payments operations while reducing costs and taxes through strategic fund allocation.

The company was founded by experienced financial professionals who witnessed the evolution of commerce with the advent of blockchain technology and other advancements. Upon witnessing these changes, they say, they realized that the financial sector would need to adapt as well to better suit the needs of the modern entrepreneur, and thus SAXE Global was born.

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