Depasify

Depasify is a regulated financial infrastructure company offering a single API that covers the full stack of compliance, custody, and payment rails needed to operate a digital asset business — from know-your-customer checks to cross-border stablecoin settlements.

Core Mechanism

Depasify's platform is organized around three linked entities: Users (authenticated people or systems calling the API), Accounts (the ownership layer that holds bank accounts, blockchain wallets, and trading positions), and Clients (parent organizations that can sponsor multiple users and accounts with granular permissions). This hierarchy lets a single API integration serve everything from a solo fintech startup to a bank running white-labeled crypto services for its retail customers.

All regulated activity runs through Depasify SL, a Spanish company registered as a Virtual Asset Service Provider (VASP) with the Bank of Spain under code D705, obligating it to comply with the EU's Fifth Anti-Money Laundering Directive (AMLD5). That regulatory anchor means partners can embed Depasify's services without separately acquiring their own VASP license — a significant reduction in time-to-market and compliance overhead.

Key Products and Features

Fiat connectivity: Depasify handles SEPA credit and debit transfers for European payments, and supports local payouts to counterparties in Mexico, Colombia, China, the United Arab Emirates, and the United States, each with country-specific field requirements (routing numbers for the US, CIPS/SWIFT for China, account type selection for Colombia, and so on). A four-eyes dual-approval policy, configurable with EUR thresholds, gates outbound fiat transfers for compliance.

Crypto on/off-ramps: The platform provisions blockchain wallets capable of receiving deposits and sending payments in multiple digital assets, including a payout wallet mode for whitelisted destination addresses. Fiat-to-crypto ramps are designed to accommodate assets not listed on centralized exchanges — a feature marketed specifically to startup customers who need liquidity access for emerging or long-tail tokens.

KYC/KYB automation: Identity verification covers individual documents (passports, national ID cards, driver licenses, utility bills, source-of-funds attestations) and full business onboarding including shareholder registers, ultimate beneficial owner (UBO) evidence, and regulatory documentation. Reviews can be automated or routed to a manual queue; identities can be blocked or flagged for fraud prevention.

Exchange and treasury management: Depasify provides market and limit orders, real-time FX quotes with a 60-second validity window and locked intermediate rates, and currency-pair pricing with direction-specific spreads. Ledger entries, audit trails, and exportable PDF and CSV reports give treasury teams full visibility across fiat and crypto positions.

Card payment processing: Card acceptance is integrated via Worldpay and Checkout.com, enabling card-funded crypto purchases or top-ups without requiring separate gateway contracts.

Open banking: Third-party bank connections are supported for payment authorization, allowing platforms to pull from customer bank accounts under open-banking consent frameworks.

Developer tooling: A sandbox environment supports transaction simulation without live funds. More than 20 webhook event types cover the full transaction lifecycle, and WebSocket connections deliver live order-book and balance updates. Automated Flows allow event-driven and scheduled (cron-based) actions, reducing the need for custom orchestration code.

Target Customers

Depasify markets two distinct packages. Its startup and fintech offering emphasizes rapid go-to-market: the platform positions itself as launching a compliant digital asset business in days rather than years, with a customer-friendly KYC widget and automated AML screening removing the bottleneck of building compliance in-house. Its bank offering wraps the same infrastructure in an exchange-as-a-service framing, positioning Depasify as the back-end for banks wishing to offer fiat-to-crypto products to their existing account holders without standing up a separate licensed entity.

Stablecoin and Cross-Border Focus

Beyond the core ramp infrastructure, Depasify has signaled a strategic emphasis on stablecoin rails for B2B cross-border settlements — a direction referenced in its marketing under the "Depa Finance" framing. The appeal is straightforward: stablecoin rails can settle international payments in minutes at near-zero cost, and Depasify's VASP registration provides the compliance layer that enterprise buyers typically require before routing real payment flows.

Ecosystem Fit

Regulated fiat infrastructure has been a persistent gap for Solana-based products. Stablecoin transfers on Solana are fast and cheap, but converting those positions to and from traditional bank accounts — while satisfying compliance requirements — requires a licensed intermediary. Depasify fills that role as a B2B API: developers building wallets, remittance products, payroll tools, or exchange interfaces on Solana can integrate Depasify's API to handle fiat ingress and egress, KYC, and treasury management without acquiring their own banking relationships or VASP registration. The platform's explicit support for digital assets not listed on centralized exchanges is particularly relevant for Solana projects whose tokens exist on-chain but have limited fiat liquidity access through traditional channels.