ONE.io

ONE.io is a UK-headquartered financial services platform that bridges traditional finance and the crypto economy for businesses operating in high-risk or underserved sectors. Founded in 2017 as an over-the-counter digital asset trading desk, the company expanded after observing firsthand the settlement and banking obstacles faced by its early clients — crypto-native businesses routinely turned away by conventional banks. Today ONE.io operates two integrated product lines: ONE.io Connect for fiat banking and payments, and ONE.io Fusion for crypto trading and payment processing.

The Problem

Conventional banking is increasingly inaccessible to a wide class of legitimate businesses: crypto exchanges, virtual asset service providers, iGaming operators, Web3 developers, and luxury merchants face systematic rejection or sudden account closure under correspondent-bank pressure. Without reliable access to multi-currency accounts and global payment rails, these companies cannot settle revenue, pay suppliers, or manage treasury effectively. ONE.io was built to close this gap, offering regulated financial infrastructure with the compliance posture needed to serve clients that incumbent institutions decline.

ONE.io Connect: Business Banking

ONE.io Connect provides multi-currency business accounts to digitally native enterprises. Clients receive named accounts in GBP, USD, EUR and additional currencies, each issued with an IBAN, a GUID-based Account ID, and — for UK domestic accounts — Sort Code and Account Number identifiers. Settlement routes across four major payment rails:

• Faster Payments — up to GBP 250,000 per transfer, settling within 20 minutes, available 365 days a year
• CHAPS — large-value same-day sterling transfers, Monday through Friday during business hours
• SEPA and SEPA Instant — euro payments within the EEA
• SWIFT — multi-currency international wires

Clients also access spot foreign exchange at competitive rates through the same interface, allowing real-time currency conversion without routing through a separate FX provider.

ONE.io Fusion: Crypto Services

ONE.io Fusion handles the digital asset side of the business across three capabilities. First, an automated crypto trading interface supports 20-plus digital assets with no slippage fees, alongside a dedicated 24/7 OTC desk for institutional-sized orders or clients who prefer personalised execution. Second, a crypto payment gateway enables businesses to receive cryptocurrency across supported assets, with deposit address generation, withdrawal processing, and balance queries available through the API. Third, fiat settlement converts crypto receipts into EUR, GBP, or USD and deposits them into the client's ONE.io IBAN account, removing the operational overhead of managing stablecoin-to-fiat rails independently.

ONE Gateway (2025)

In May 2025, ONE.io launched ONE Gateway, a crypto payment processing product built in partnership with BoomFi. ONE Gateway lets merchants accept digital asset payments through pay links, checkout embeds, invoices, or recurring billing flows, with automated crypto-to-fiat conversion settling directly into the merchant's ONE.io account. A merchant dashboard provides real-time tracking and reconciliation. COO James Gordon described crypto payments as "a growing expectation" for businesses rather than an emerging option.

Technical Architecture

The platform is API-first. Developers integrate via a sandbox environment — receiving test credentials, running a build-and-test cycle, completing ONE.io's certification process, then migrating to production. Authentication combines OAuth2/JWT tokens with a one-hour validity window issued via email/password exchange, plus an additional AES-GCM-SIV encrypted payload layer for sensitive operations. Payment lifecycle states progress from Pending through intermediate processing stages to Completed, with separate transaction records generated for each payment and associated fee, supporting full auditability.

Regulatory Posture

ONE.io holds three regulatory authorisations. Its UK entity, One.io UK Limited, is an Authorised Payment Institution regulated by the Financial Conduct Authority (FRN 913478), a licence acquired in 2020. It registered as a Money Services Business with FINTRAC in Canada in 2023. Its international entity, Oneio International Limited, holds a Virtual Asset Service Provider licence from the BVI Financial Services Commission, obtained in 2024. The company notes that crypto-asset services provided by the international entity are not covered by the FCA authorisation.

Target Customers

ONE.io targets sectors underserved by conventional correspondent banking: iGaming and sports betting operators — Yolo Group is cited in company content as a client using ONE.io for digital-asset-based operations — crypto exchanges, VASPs, luxury goods merchants, high-net-worth individuals, and family offices. The platform does not actively solicit EU clients.

Team and Milestones

The company was founded in 2017 in the UK. Key milestones include the 2020 FCA licence, a proprietary payments platform launched in 2021, real-time FX and a mobile app deployed in 2023, an automated trading platform added in 2024, and the ONE Gateway crypto payment processing launch in 2025. Jovi Overo was appointed CEO in September 2025. James Gordon serves as COO, and Pritpal Shokar is Head of Product.

Solana Ecosystem Relevance

ONE.io's published documentation describes support for "major cryptocurrencies" across "multiple assets and networks" without identifying specific chains. Solana is not named as a supported network in current public materials. The platform's focus on crypto payment gateway infrastructure and settlement for business users places it adjacent to the growing ecosystem of Solana-native stablecoin payments and commerce tools, but direct integration cannot be confirmed from available sources at time of writing.