Solution 01 — OTC Liquidity

Institutional OTC liquidity for African currency corridors

Buy NGN, GHS, XOF, XAF, and KES straight from a FINTRAC-registered counterparty. The liquidity is ours, the price is agreed bilaterally, and nothing routes through a third-party aggregator on the way to settlement.

The problem we solve

Local liquidity in these markets is thin and split across too many hands. Every aggregator in the chain takes a margin and adds a counterparty you have to trust, and public venues rarely hold the depth a treasury desk needs anyway. We hold the banking relationships in-market, so you're dealing with one party that can actually settle.

What you get

Desk parameters

Settlement currencies
NGN, GHS, XOF, XAF, KES
Settlement speed
Same-day on major corridors; instant on supported rails
Pricing model
Bilateral spreads by corridor & volume tier
Counterparties
Licensed MSBs, IMTOs, VASPs, banks, PSPs

Indicative spreads and liquidity depth are shared with counterparties during onboarding. Figures are corridor- and volume-specific and not published.

Use cases across corridors

Remittance IMTO

NGN payout funding

An IMTO pre-funds Naira for high-volume remittance payouts and retires a multi-hop aggregator route in the process — one counterparty, one price.

PSP / EMI

CFA-zone settlement

A European EMI pays merchants into XOF and XAF directly. The duplicate FX leg disappears and money lands faster.

OTC desk

Cross-desk liquidity

When demand spikes, a peer desk taps our KES and GHS depth on terms agreed in advance, instead of taking slippage on a public venue.

Key terms

OTC (Over-the-counter)
A trade settled bilaterally between two parties rather than on a public exchange.
Liquidity depth
The volume available at a given price without materially moving the rate. Confirmed per corridor on onboarding.
Spread
The margin between buy and sell pricing on a currency pair, quoted bilaterally by Trove.
CFA zones (XOF / XAF)
The West African (XOF) and Central African (XAF) CFA franc currency unions, covered natively by Trove.

Institutional FAQ

What is OTC liquidity for African corridors?

Bilateral access to local-currency funds settled directly between Trove and a licensed counterparty, without routing through a public exchange or aggregator. It lets regulated payment businesses source NGN, GHS, XOF, XAF and KES at negotiated terms for treasury-scale volume.

Who can access Trove's OTC desk?

Licensed MSBs, IMTOs, VASPs, banks and payment institutions that complete KYB onboarding. We do not serve retail consumers.

How are spreads and pricing determined?

Quoted bilaterally per corridor and volume tier. Indicative terms are shared during onboarding rather than published, because pricing reflects size, frequency and corridor.

What are typical settlement windows?

Major corridors settle same-day, with instant local-currency settlement on supported rails. Specific windows are confirmed on onboarding.

Ready to source liquidity through a licensed counterparty?

Begin KYB onboarding or request indicative terms for your corridors of interest.

Begin onboarding →
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Use Cases