Settling the corridor that connects two economies.

Hundi is a regulated cross-border settlement venue for the Gulf–India corridor. We connect banks, exchange houses, and corporate treasuries who need to move money between USD and INR (and increasingly other Gulf currencies and INR), settling the transaction atomically on XRPL Permissioned Domains using RLUSD and ARC as the on-chain settlement assets.

Customers get sub-five-second finality at 100–150 bps blended cost, versus 1–3 days at 4–7% with traditional correspondent banking.

No, in the sense that customers think of crypto. Hundi uses regulated stablecoins (RLUSD issued by Ripple, custodied by BNY Mellon, NYDFS-approved; ARC issued by Anq Labs, RBI-aligned, backed by Indian government securities) as digital claims on real currencies held at regulated banks. There is no speculation, no token, no retail exposure, no DeFi pools.

The same architectural category as JP Morgan Kinexys ($2B+ daily) and CLS Group ($5T daily). Tokenized institutional settlement, not crypto trading.

Both stablecoins are 1:1 reserved with regulated custodians and publish daily attestations. RLUSD reserves are held at BNY Mellon and consist of short-duration US Treasuries plus insured cash. ARC reserves are 100% Indian government securities held in regulated escrow.

Hundi’s architecture supports multiple stablecoin pairs — if regulatory or operational reasons require it, we can route via USDC, USDP, or other approved alternatives without re-architecting the core settlement layer.

Hundi operates through three legal entities: Hundi Network Pte. Ltd. (Singapore HoldCo, MAS-jurisdiction), Hundi Network UAE Ltd. (ADGM, in formation, FSRA Innovation Test Licence), and Hundi Network India Pvt. Ltd. (Bengaluru, RBI-aligned via the Anq Labs framework).

RBI and ADGM observer-node access is part of the platform from day one. SAMA engagement is planned for Phase 2 corridor expansion.

First production transactions with launch partner banks are scheduled for Q3 2026. We are currently in private engagement with two Tier-1 Indian banks and three GCC exchange houses for the launch cohort.

Join the waitlist to be notified when onboarding opens to the next cohort.

Better Money is solving stablecoin fungibility within the US dollar zone — making USDC, PYUSD, USDP, FDUSD, RLUSD, and other GENIUS Act-compliant stablecoins interchangeable for US-domestic payment use cases. They’re a clearinghouse for US-dollar stablecoins.

Hundi is solving cross-border atomic settlement between US dollars and Indian rupees — a structurally different problem requiring corridor-specific licensing (ADGM, RBI), different compliance architecture (FATF Travel Rule with IVMS101, jurisdictional DIDs), and different operating partners (Ripple’s RLUSD, Anq Labs’ ARC). Better Money’s existence makes our category more defensible, not less. The two are complementary — cross-border flows naturally route through both.

The XRPL protocol does, before any Hundi code runs. Every Hundi settlement uses XLS-70 DepositAuth + Credentials: the destination wallet must (a) flip the asfDepositAuth flag, and (b) record a DepositPreauth entry for the Hundi admin issuer and the HUNDI_KYC_VERIFIED credential type. Without both, rippled rejects the EscrowFinish with tecNO_PERMISSION at protocol level — funds physically cannot move to an uncredentialed destination.

The Hundi settlement worker pre-flights every destination before locking funds, so non-credentialed counterparties are rejected before EscrowCreate (funds never leave the source wallet). The mode is one of off / grace / required, with an ISO 8601 grace cutover for onboarding new counterparties. Production runs required; grace is one Terraform line for a controlled 60-day window. Settlement testnet verified 2026-05-13; production cutover 2026-05-14.