Bring your own provider.
The firm selects and contracts with its own providers. The software describes what it does with that connection.
What the platform does for the connection
One file, mapped
Each provider expects a different evidence set in a different format. The software organises one file and maps it to each provider's requirements.
Tracked and recorded
What was sent and when, and the outcome recorded against the transaction.
Provider categories
Banks, electronic money institutions, licensed exchange houses, virtual asset service providers, escrow and conveyancing agents. Each holds its own licences in its own jurisdiction and contracts directly with the firm.
Capability detail
Detail on provider capability is available to licensed firms on request.
Wasila holds no financial licence and is not a party to any provider's service. Providers are named nowhere on this site, and none of them is presented as endorsing Wasila.
The firm contracts each provider directly, on the provider's own terms. What the software does is record which provider was used, on what date, and what it returned.
The software is not in the path of the money
| Stage | What happens | Who instructs | What is held | Held by |
|---|---|---|---|---|
| 01 | Enquiry and engagement | The client instructs | The asset as the client already holds it | The firm |
| 02 | Conversion by a regulated provider | The client instructs | AED or USD | Regulated provider |
| 03 | Funds with the firm's counterparty | The client instructs | AED | The firm |
| 04 | Escrow | The client instructs | Escrow | Regulated provider |
| 05 | Registry transfer | The registry instructs | Title deed | Registry |
| 06 | Registered | The client instructs | Registered title | The firm |
The rest of Platform
Talk to us about connecting your providers
Your firm keeps its own provider relationships. A member of the team will take you through how the software records what each one returns.