OTC SERVICE DESK
We connect buyers and sellers with trusted OTC desks to facilitate secure and efficient transactions. Transaction execution happens through trusted desks that we partnered with.
Private Crypto Network Facilitators |
OTC Crypto Brokers | Digital Asset Deal Specialists
(Private Crypto Network Facilitators), we specialize in high-value OTC crypto transactions, private wallet acquisitions, and structured digital asset deals. Our expertise connects institutional buyers, proprietary trading firms, and private sellers, ensuring secure, discreet, and efficient transactions.
With deep industry experience, strategic connections, and a commitment to compliance and integrity, PCNF is your trusted partner in navigating the private crypto markets.
Our Story
PCNF was founded to bridge the gap between institutional buyers, private sellers, and digital asset markets. With years of experience in trading, liquidity sourcing, and deal structuring, we have built a highly secure and efficient platform for executing off-market crypto transactions.
Our team and industry partners consists of seasoned financial professionals, market analysts, and crypto strategists who specialize in navigating complex digital asset deals while maintaining absolute confidentiality.
Mission & Vision
Mission: To provide a trusted, compliant, and seamless OTC trading experience, ensuring liquidity and discretion for institutional and private clients.
Vision: To be the leading global facilitator of high-value digital asset transactions, offering bespoke solutions for the evolving crypto landscape.
Our Team
PCNF is built on a foundation of expertise, integrity, and market intelligence. Our team members come from institutional finance, proprietary trading, blockchain technology, and regulatory compliance, bringing a wealth of experience to the digital asset space.
Services
OTC Crypto Brokerage
We facilitate private, off-exchange crypto transactions for institutional clients, HNWIs, and proprietary trading firms. Our OTC partners ensure tight spreads, competitive pricing, and discreet execution, minimizing market impact while securing the best trade terms.
Private Wallet Acquisitions
For clients seeking to buy or sell entire crypto wallets, we provide a secure, fully vetted process that ensures the legitimacy of holdings, clear chain of custody, and regulatory compliance.
Digital Asset Deal Structuring
Complex crypto transactions require tailored solutions. We assist in structured digital asset purchases, token sales, and customized liquidity arrangements, ensuring transactions meet regulatory, legal, and financial requirements.
Liquidity Solutions
We connect institutional buyers and private sellers with the liquidity they need to execute high-value transactions efficiently. Our extensive network allows us to source liquidity while maintaining discretion and security.
Compliance & Security
KYC & AML Standards
PCNF follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, ensuring that all transactions meet global compliance standards. Every client undergoes a rigorous vetting process before engaging in OTC transactions.
Transaction Security
Utilizeing state-of-the-art encryption, multi-signature wallets, and cold storage solutions to protect transactions. Every deal is conducted with the highest level of privacy and security to safeguard client assets.
Legal & Risk Management
Operations adhere to international financial regulations, mitigating risks for counterparties involved in high-value digital asset transactions. Legal experts ensure compliance while structuring deals that protect all parties.
Onboarding
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Interested in working with PCNF ? Our team is available for discreet consultations to discuss your needs and assess transaction opportunities.
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Onboarding Process
To ensure a secure and efficient onboarding experience, we require all clients to complete our KYC/AML prequalification process before engaging in transactions.
Client Questionnaire
Before proceeding, a Client Questionnaire will be required which helps us assess suitability and ensure compliance.
** This step is mandatory for all clients engaging in OTC transactions.
Disclaimer
Private Crypto Network Facilitators and its individual partners provide introductory and coordination services for transactions involving cryptocurrency, commodities, and related assets. Cset Technology, its partners, affiliates, and associated entities bear no liability for any losses, disputes, misrepresentations, or failures arising from any transaction facilitated.
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All Buyers and Sellers, whether OTC desks, individuals, or companies, are solely responsible for conducting their own due diligence and risk assessment before proceeding with any transaction. Neither the facilitator nor any associated entity provides financial, legal, or investment advice, nor do they guarantee the authenticity, performance, or completion of any transaction.
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By engaging in any transaction, all parties acknowledge their sole responsibility for verification, compliance, and risk management. This disclaimer applies to all cryptocurrency, commodities, and other related asset transactions, regardless of jurisdiction.
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For inquiries, legal matters, or concerns, seek professional legal and financial advice before proceeding with any transaction.
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Transaction
In an Over-the-Counter (OTC) crypto transaction, such as the scenario you're describing where an OTC desk is buying USDT (Tether) from a seller seeking to convert it into fiat (USD), the process can be a bit different from standard exchange-based transactions. OTC desks are typically involved in facilitating large transactions and they usually serve as intermediaries for these transactions. Here's how the process typically unfolds, step by step:
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1. *Initial Agreement*
- *Buyer (OTC Desk) and Seller (Wallet Owner) Agree on Terms:*
- The buyer (OTC desk) and seller (individual with USDT) negotiate the transaction details, such as the amount of USDT to be sold, the price (which may differ from market price based on the size of the transaction), and the fiat currency they are targeting (USD, for example).
- They will also agree on payment method (e.g., wire transfer, ACH, or other means of sending fiat).
2. *Proof of Funds / Proof of USDT Control*
- *Buyer (OTC Desk) Provides Proof of Funds:*
- The OTC desk, in this case, would provide proof that they have sufficient funds in their bank account or other fiat sources to complete the purchase of the USDT. This may involve sending a statement or showing a balance, typically through a secure and confidential process.
- *Seller Proves Control of USDT Wallet:*
- The seller demonstrates that they own the USDT by showing proof of control over the wallet where the USDT is stored. This could be through a transaction history, or the seller may perform a test transaction (e.g., sending a small amount of USDT to an address provided by the OTC desk) to prove they have access to the funds.
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3. *Escrow-Free Transactions:*
- *No Escrow Involved in Some Cases:*
- In an escrow-free OTC trade, the parties rely on mutual trust, especially since the OTC desk often works with high-volume clients and may have an established reputation. This is a risk the buyer (OTC desk) and seller accept when transacting directly.
- *Transaction Setup:*
- Once both parties have agreed to the terms and verified their assets, they would finalize the arrangement. The seller will share the wallet address where the USDT will be sent.
4. *Fund Transfer and Confirmation*
- *Seller Transfers USDT:*
- The seller transfers the agreed amount of USDT to the OTC desk’s specified wallet address. This typically happens via a blockchain transaction, and the seller may use a wallet interface to send the USDT.
- At this stage, the seller should provide the OTC desk with the transaction details (such as the TXID) so they can confirm the transfer.
- *Buyer Confirms Receipt of USDT:*
- The OTC desk verifies that the USDT has been successfully received on their wallet. This confirmation may take some time depending on network congestion and blockchain speed (especially with Ethereum or other layer-1 blockchains).
- After confirming the receipt, the OTC desk moves to the next step.
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5. *Payment to the Seller*
- *OTC Desk Sends Fiat to the Seller:*
- Upon receiving the USDT, the OTC desk sends the agreed-upon amount of fiat (USD, in this case) to the seller via the agreed-upon method. The fiat transfer is typically done using a wire transfer, bank transfer, or another fiat payment method that the seller prefers.
- This step is crucial because, once the USDT is transferred, the OTC desk will hold the crypto, and they now need to send the fiat currency to the seller.
6. *Transaction Completion*
- *Confirmation of Payment:*
- The seller confirms receipt of the fiat currency in their bank account or other chosen method.
- *Transaction Finalized:*
- After the seller confirms the payment, the transaction is considered complete.
- Both parties can provide feedback, depending on the platform or agreement, although in a direct OTC deal, trust and good faith are critical.
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7. *Record Keeping and Compliance:*
- *Reporting and Documentation (for OTC Desk):*
- OTC desks typically keep records of all transactions for regulatory compliance purposes, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, especially when large sums of money are involved.
- *Seller Records Transaction (for Tax Purposes):*
- The seller should also maintain records of the transaction for tax purposes, as converting crypto into fiat often triggers a taxable event (capital gains, etc.).
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Key Considerations:
- *Trust Between Parties:*
- In the absence of escrow services, both the buyer and the seller are relying on the trust between them, or trust in the OTC desk itself (which is typically a professional intermediary in this scenario).
- *Reputation:*
- The OTC desk will generally have a solid reputation in the market, and many sellers will trust them because they know the OTC desk is a professional entity.
- *Risk Mitigation:*
- Some OTC desks may provide a form of security or guarantee through the use of their platform’s internal mechanisms (such as a signed agreement), but in general, these transactions are heavily based on trust.