Virtual Accounts & Multi-Currency IBAN Infrastructure

Ivy's Accounts product gives crypto businesses and Web3 companies a dedicated virtual banking infrastructure — solving the IBAN discrimination problem that prevents crypto-related businesses from accessing mainstream financial services.

Product Overview

Built on Ivy's dual Payment Institution (PI) and Virtual Asset Service Provider (VASP) licensing, the Accounts product provides localized virtual IBANs and multi-currency account infrastructure across DE, GB, and SK jurisdictions. Businesses can hold, collect, and manage funds in EUR, GBP, SEK, and USDC through a single API and one integration contract.

Key Features

• Virtual IBANs: Unique virtual IBANs per end user (DE, GB, SK) for granular transaction tracking, automated reconciliation, and simplified treasury management
• Collection Accounts: Hold funds from customers or own bank accounts on local virtual IBANs in multiple currencies (EUR, GBP, SEK)
• Multi-Currency Balances: Manage EUR, GBP, SEK, and USDC balances on local IBANs within a single unified account infrastructure
• Master/Sub-Account Structures: Hierarchical fund management supporting both company-level and customer-level account segregation
• Fiat-Crypto Flows: Seamless fiat-to-crypto operations with USDC settlement enabled by Ivy's regulatory licensing
• Automated Reconciliation: Eliminates manual processing at scale

Use Cases

Designed for crypto exchanges, trading platforms, and payment service providers that require compliant banking infrastructure. Used by crypto enterprises including KuCoin EU for collection accounts and risk management at scale. Available via a single API — one contract, one integration for the entire account infrastructure stack.