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Thiqwave manages two types of settlement infrastructure on your behalf: fiat settlement accounts and stablecoin wallets. You retain control and ownership throughout.

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Fiat Settlement Accounts

When you send or receive fiat through Thiqwave, funds are held in regulated partner settlement accounts. These accounts:
  • Are held with regulated financial institutions in each corridor
  • Operate as transit points during fiat transactions
  • Are never Thiqwave-owned; funds are segregated in your name
  • Support rapid settlement via local instant payment networks
You never interact directly with the settlement account—Thiqwave abstracts the account details. You see only the transaction flow through your Thiqwave dashboard.

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Stablecoin Wallets

All stablecoin settlement happens through non-custodial wallets. You choose how to manage your on-chain assets:

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Option 1: Thiqwave-Managed Non-Custodial Wallet

Thiqwave creates and maintains a wallet using Multi-Party Computation (MPC) technology. How It Works:
  • Key Shares: The wallet’s private key is split into shares
  • Your Control: Your business holds one key share
  • Thiqwave Hold: Thiqwave holds additional shares but cannot sign transactions alone
  • Unilateral Access: Neither you nor Thiqwave can move funds without the other’s participation
  • Always On-chain: Stablecoins remain on the blockchain; no lockup
Access:
  • You manage the wallet via the Thiqwave Console
  • Initiate transactions via the API or dashboard
  • Thiqwave co-signs transactions but cannot move funds unilaterally

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Option 2: Bring Your Own Wallet

Connect your own blockchain wallet to Thiqwave. You remain the sole custodian. How It Works:
  • You provide your wallet address
  • Thiqwave sends stablecoins to your address
  • You retain full control and private keys
  • No key sharing or MPC involvement
Use Cases:
  • You already have secure custody infrastructure
  • You want complete self-custody
  • You integrate with hardware wallets or multisig contracts

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Account & Wallet States

StateDescription
activeAccount/wallet is fully operational
frozenAccount/wallet is temporarily unavailable (compliance hold, etc.)
closedAccount/wallet is permanently closed; no new transactions
State changes are communicated via webhooks. Monitor for account.frozen and account.closed events.

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Non-Custodial Model Details

Thiqwave’s non-custodial approach means:
  • You Own the Keys: Your business holds one key share
  • No Unilateral Control: Thiqwave cannot move funds without your participation
  • No Lockup: Stablecoins are always accessible on-chain
  • No Emergency Access: Thiqwave cannot “take over” your wallet
  • Regulatory Clarity: You are the custodian; Thiqwave is the settlement provider
This is different from centralized exchanges or custodial wallets. Your stablecoins live on the blockchain, protected by cryptographic key sharing.

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Settlement Account Hierarchy

Your account structure looks like: 
Business Account
├── Fiat Settlement (Multiple corridors)
│   ├── UAE Fiat
│   ├── Saudi Arabia Fiat
│   └── Other Corridors
└── Stablecoin Wallets (Multiple networks)
    ├── USDC Polygon
    ├── USDT Ethereum
    ├── USDC Solana
    └── Other Networks/Stablecoins
Each fiat corridor and each stablecoin/chain combination has its own sub-account. Balances are tracked separately per corridor and per stablecoin/chain.

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Multi-Corridor Wallets

If you operate in multiple corridors:
  • UAE fiat settles to a UAE partner account
  • Saudi Arabia fiat settles to a Saudi Arabia partner account
  • Stablecoins always settle on-chain to your MPC or self-custodied wallet
Each corridor is independent. Fees, rates, and settlement methods vary by corridor.

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Security & Compliance

  • All settlement accounts are subject to real-time KYT (Know Your Transaction) monitoring
  • Fiat accounts are hosted with regulated partners and subject to their compliance frameworks
  • Stablecoin wallets are non-custodial; only you and Thiqwave jointly control transactions
  • Account states may change based on compliance reviews or regulatory requirements

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Accessing Your Accounts

Manage all accounts and wallets via:
  • Thiqwave Console: dashboard.thiqwave.com
  • Accounts API: Retrieve account details, balances, and transaction history
  • Webhooks: Listen for account state changes and transaction updates

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Next Steps

Custody & Security Reference

Accounts API

Thiqwave Console Guide

How It Works