Hundi

Q3 2026 production launch

A regulated, blockchain-native settlement venue for the Gulf–India corridor.

Visit

Gulf ↔ India · Banks · Exchange houses · Treasuries

“Gulf–India is the largest corridor in the world without a native institutional digital settlement layer. $280 billion a year, zero purpose-built venues. Hundi is the venue.”

What it is

The product

Hundi is an institutional settlement venue for cross-border payments between USD and INR (and increasingly other Gulf currencies). Atomic settlement on XRPL Permissioned Domains, RLUSD and ARC as the on-chain settlement assets, FATF Travel Rule embedded at the protocol level. Sub-five-second finality at 100–150 bps blended cost — versus 1–3 days at 4–7% on correspondent rails.

The problem

What we set out to solve

Cross-border between the Gulf and India still routes through three correspondent banks, two FX spreads, and a 48-hour float. Customers never see the breakdown. Regulators see the flows on T+1 to T+30. Compliance is fragmented across each bank in the chain, with predictable gaps at the edges. The technology to settle atomically has existed since CLS Group launched in 2002 for G10 currencies — Gulf–India just never got it.

The build

How it actually works

We architected Hundi as a three-jurisdiction venue — Singapore HoldCo (MAS), UAE entity (ADGM/FSRA), and India entity (RBI-aligned via the Anq Labs framework). Settlement uses XRPL Smart Escrow with cryptographic conditions: the RLUSD leg and the ARC leg commit indivisibly. Every transaction carries a FATF Travel Rule packet with IVMS101, jurisdictional DIDs, and ZK compliance proofs. Observer-node access for ADGM and RBI is part of the platform from day one — not a reporting bolt-on.

Capabilities

Atomic Smart Escrow settlement — both legs commit, or neither does
Mid-market plus published spread — every quote, every transaction
FATF Travel Rule packet at protocol level with IVMS101 + jurisdictional DIDs
Five sanctions lists screened in real-time, sub-50ms
Observer-node access for ADGM and RBI from day one
1:1 reserved stablecoins with daily attestations from regulated custodians
Multi-rail routing — XRPL primary, USDC/USDP/USDT contingency
On-chain audit trail with 10-year retention

Shipped

✓Production marketing site at hundi.network
✓Whitepaper and partner architecture
✓Three-jurisdiction legal entity structure (in formation)
✓Smart Escrow settlement engine prototype
✓Compliance + screening integration design

→First live settlements with launch cohort (two Tier-1 Indian banks, three GCC exchange houses)
→ADGM FSRA Innovation Test Licence
→Phase 2 corridor expansion — SAMA engagement