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DIGITAL RFQ

DIGITAL RFQ

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SELLERS

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NEW: 10K-100K BTC with R&E @ -6% Gross, -3% Net, Escrow, JP Morgan, Citizen Bank, Digital RFQ, USA - Look For Buyer

(Seller ; TA PE-TELE)

Post: 5.6.22

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  • Seller is selling 10K-100K BTC with R&E @ -6% gross, -3% net

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  • Buyer = 3%

  • Buyerside = 1.5%

  • Sellerside = 1.5%

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  • PLEASE FIND BELOW OUR CLIENT’S STANDARD OPERATING PROCEDURE FOR THE SALE OF 10,000+ BITCOIN USING A SECURITY DEPOSIT JOINT SIGNATORY ESCROW AT JP MORGAN CHASE/CITIZEN BANK AND A REGULATED CUSTODIAL SERVICE. THE PROCESS REQUIRES THE PARTICIPATION OF THE BUYER’S & SELLER’S BANKERS, JP MORGAN CHASE/CITIZEN BANK AND THE CUSTODIAN, DIGITAL RFQ LIMITED (“CUSTODIAN”), FOR THE PURPOSE OF MANAGING THE SECURITY DEPOSIT, HOLDING AND SENDING BITCOIN TO THE BUYER AND RECEIVING FUNDS FROM THE BUYER ON THE SELLER’S BEHALF.

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  • PROCEDURE:​​

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  1. THE BUYER AND SELLER EXCHANGE FULL KYC/AML AND AGREE UPON THE TERMS AND CONDITIONS OF THE SALES AND PURCHASE AGREEMENT AND THE JOINT ESCROW AGREEMENT (THE “AGREEMENTS”).

  2. THE SELLER COMPLETES AND SIGNS THE SALES AND PURCHASE AGREEMENT AND SENDS IT TO THE BUYER. THE BUYER WILL THEN COUNTERSIGN THE SALES AND PURCHASE AGREEMENT AND RETURN IT TO THE SELLER.

  3. THE BUYER, THE BUYER’S ATTORNEY, AND THE SELLER SHALL COMPLETE AND SIGN THE JOINT ESCROW AGREEMENT WITH DIGITAL RFQ LIMITED.

  4. THE SELLER WILL PROVIDE A PROOF OF BTC VIA THE CUSTODIAN AS REQUESTED BY BUYER.

  5. THE BUYER INSTRUCTS THEIR BANKER TO FUND THE JOINT ESCROW ACCOUNT AT JP MORGAN CHASE WITH FUNDS EQUAL IN VALUE TO $100,000,000.

  6. THE CUSTODIAN WILL MOVE THE BTC FOR THE FIRST TRANCHE TO THE CUSTODIAN’S TRANSACTIONAL WALLET IN READINESS TO TRANSACT.

  7. THE CUSTODIAN WILL CONFIRM THE PRICE LESS DISCOUNT FOR THE FIRST TRANCHE TO THE BUYER AND WITHIN 15 MINUTES OF PRICE ACCEPTANCE TRANSFER THE BTC TO THE BUYERS PRE- CONFIRMED BTC WALLET.

  8. THE BUYER WILL TRANSFER THE PAYMENT FOR THE RECEIVED BTC TRANCHE AT THE AGREED PRICE TO THE CUSTODIAN, FIAT FUNDS REMAINING UNDER THE CONTROL OF THE CUSTODIAN.

  9. THE CUSTODIAN WILL INITIATE TRANSFER OF THE FIAT FUNDS TO THE SELLER’S BANK ACCOUNT AND SEND PAYMENT REMITTANCE ADVICE TO BOTH THE BUYER AND SELLER WITHIN 3 (THREE) HOURS OF STEP 8 ABOVE.

  10. THE CUSTODIAN WILL CONFIRM THE TRANCHE TRANSACTION IS COMPLETE EITHER VIA EMAIL OR  PHONE CALL TO BOTH THE BUYER AND SELLER SIMULTANEOUSLY WITH PROOF OF FIAT FUND TRANSFER.

  11. THE SELLER SHALL SEND THE INTERMEDIARY FEES IN THE AGREED FORM TO THE SELLSIDE INTERMEDIARIES.

  12. THE BUYER SHALL SEND THE INTERMEDIARY FEES IN THE AGREED FORM TO THE BUYSIDE INTERMEDIARIES.

  13. STEPS6TO12WILLTHENBEREPEATEDUNTILTOTALAGREEMENTISFULFILLEDOREXTENDEDBYTHE BUYER AND SELLER.

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SECURITY DEPOSIT – JOINT ESCROW:

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  • THE SECURITY DEPOSIT REQUIRED TO ENABLE THE TRANSACTION SHALL BE HELD IN A JOINT ESCROW ACCOUNT AT EITHER JP MORGAN CHASE OR CITIZEN BANKS.

  • THE JOINT ESCROW SHALL BE GOVERNED BY A JOINT ESCROW AGREEMENT BETWEEN THE FOLLOWING PARTIES:

  1. THE BUYER

  2. THE BUYER’S ATTORNEY 

  3. DIGITAL RFQ

  4.  THE SELLER

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  • THE BUYER’S ATTORNEY, DIGITAL RFQ AND THE SELLER SHALL BE SIGNATORIES TO THE JOINT ESCROW ACCOUNT FOR THE PURPOSES OF CONTROLLING THE MOVEMENT OF FUNDS INTO AND OUT OF THE ACCOUNT.

  • THE SECURITY DEPOSIT REQUIRED TO FUND THE JOINT ESCROW ACCOUNT SHALL ONLY BE TRANSFERRED TO THE ACCOUNT FOLLOWING SATISFACTORY PROOF OF COIN BEING PROVIDED TO THE BUYER BY DIGITAL RFQ.

  • THE SECURITY DEPOSIT SHALL REMAIN IN THE JOINT ESCROW ACCOUNT, UNDER THE CONTROL OF ALL SIGNATORIES, UNTIL THE TRANSACTION HAS BEEN FULLY COMPLETED, A DEFAULT HAS OCCURED OR THE TRANSACTION IS TERMINATED IN ACCORDANCE WITH THE SALES AND PURCHASE AGREEMENT AND THE JOINT ESCROW AGREEMENT.

  • DEFAULT IS DEFINED AS OCCURRING WHEN AN AMOUNT OF BITCOIN HAS BEEN TRANSFERRED BY THE SELLER TO THE BUYER, AND THE CORRESPONDING AGREED AMOUNT OF FIAT FUNDS HAVE NOT BEEN RECEIVED BY DIGITAL RFQ FROM THE BUYER WITHIN THE REQUIRED PAYMENT PERIOD.

  • A SUITABLE PERIOD OF TIME IS ALLOWED FOR IN THE SALES AND PURCHASE AGREEMENT FOR THE BUYER TO REMEDY ANY DEFAULT.

  • IN THE EVENT OF A DEFAULT, AS DEFINED IN THE SALES AND PURCHASE AGREEMENT AND THE JOINT ESCROW AGREEMENT, AND IF THE DEFAULT HAS NOT BEEN REMEDIED, THE SIGNATORIES SHALL AUTHORISE THE TRANSFER OF THE RELEVANT AMOUNT OF DEFAULT FROM THE JOINT ESCROW ACCOUNT TO DIGITAL RFQ’S ACCOUNT FOR THE SELLER’S BENEFIT.

  • IF THE SELLER IS FOUND TO BE IN DEFAULT AT ANY TIME DURING THE TRANSACTION, AND IF THE DEFAULT IN NOT REMEDIED, THE SIGNATORIES SHALL AUTHORISE THE RETURN OF THE SECURITY DEPOSIT IN FULL TO THE BUYER’S ACCOUNT.

  • THE BUYER MAY ELECT, AT ITS SOLE DISCRETION, TO INSTRUCT THE SIGNATORIES TO THE JOINT ESCROW ACCOUNT TO UTILISE THE SECURITY DEPOSIT AS PAYMENT FOR THE FINAL TRANCHE(S) IN THE TRANSACTION.

  • AT THE END OF THE TRANSACTION ALL FUNDS REMAINING IN THE JOINT ESCROW ACCOUNT SHALL BE RETURNED TO THE BUYER’S ACCOUNT.

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Interested parties should contact :

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NEW: 50K-150K BTC with R&E @ -6% Gross, -3% Net, Escrow Digital RFQ, London, USA - Look For Buyer

(Seller ; TA PE-TELE)

Post: 14.4.22

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  • Seller is selling 50K-150K BTC with R&E @ -6% gross, -3% net

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  • Buyer = 3%

  • Buyerside = 1.5%

  • Sellerside = 1.5%

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  • PROCEDURE:​​

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  • ​DigitalRFQ​ acting as Escrow

  • Both Buyer and Seller onboard with DigitalRFQ

  • Buyer and Seller to establish and sign with the agreed procedure.

  • Seller is using DigitalRFQ to ensure all client funds are clean and compliant as seller is subject to stringent AML/Compliance and auditing. The escrow is used by huge US institutional buyers​​​.

  • Digital RFQ Limited is a leading institutional cryptocurrency to FIAT exchange service, token advisory and OTC brokerage registered with the UK FCA as an EMD Agent with full banking level KYC, KYB and AML. ( NUKKLEUS INC. ACQUIRES MATCH FINANCIAL LIMITED. Match Financial, through Digital RFQ, operates a London-based crypto business, offering high-level crypto exchange and digital financial services for professional, accredited and institutional investors )

  • The seller is running the selling transactions through them to protect themselves from a compliance perspective.

  • It’s literally the highest grade option for large quantity buyers that keeps both sides fully secure.

  • Note: Ideally, the buyers need to be forthcoming with KYC so they can be cleared and taken seriously. If they can be open with us on that, it will help us a million times more and we can have paperwork arranged and addressed to buyers so they know they’re getting the correct service.

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Interested parties should contact :

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NEW: 30K-250K+ BTC @ -8% Gross, -4% Net, Digital RFQ Escrow, Norton Rose, USA - Look For Buyer

(Seller ; TA PE-TELE)

Post: 16.3.22

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  • Seller is selling 30K-250K+ BTC @ -8% gross, -4% net

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  • Buyer = 4%

  • Buyerside = 2%

  • Sellerside = 2%

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  • PROCEDURE:

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  • DigitalRFQ​ acting as Escrow

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  • 1. THE BUYER AND SELLER EXCHANGE PRELIMINARY KYC AND AGREE UPON THE TERMS AND
    CONDITIONS OF THIS AGREEMENT.

  • 2. THE SELLER TO COMPLETE AND SIGNS THIS AGREEMENT AND SENDS IT TO THE BUYER
    TOGETHER THE SELLER'S FULL KYC INFORMATION. THE BUYER WILL THEN COUNTERSIGN THIS
    AGREEMENT AND RETURNS IT TO THE SELLER WITH THE BUYER'S FULL KYC INFORMATION.

  • 3. THE BUYER AND SELLER SHALL THEN COMPLETE AND SIGN THE ESCROW AGREEMENT
    PROVIDED DIRECTLY BY THE ESCROW AGENT.

  • 4. THE SELLER WILL PROVIDE A SIMPLE PROOF OF BTC, AS REQUESTED BY ESCROW AGENT.

  • 5. THE BUYER INSTRUCTS HIS BANKING PARTNER TO SEND MT799-RWA (READINESS TO ISSUE
    MT760-SBLC OR BG AS PAYMENT GUARANTEE) TO THE SELLERS BANK.

  • 6. SELLER'S BANKING PARTNER REPLIES WITH MT799-RWA (READINESS TO RECEIVE MT760).

  • 7. BUYER ISSUES MT760-SBLC OR BG AS PER THE AGREED VERBIAGE.

  • 8. THE SELLER WILL THEN DEPOSIT BTC TO THE ESCROW AGENTS BTC WALLET.

  • 9. THE ESCROW AGENTS WILL THEN CONFIRM THE PRICE LESS DISCOUNT TO THE BUYER AND
    WITHIN 15 MINUTES OF PRICE ACCEPTANCE TRANSFER THE BTC TO THE BUYERS PRE-
    CONFIRMED BTC WALLET.

  • 10. THE BUYER WILL THEN TRANSFER THE PAYMENT FOR THE RECEIVED BTC TRANCHE AT THE
    AGREED PRICE TO THE ESCROW AGENT, FUNDS WILL REMAIN UNDER THE CONTROL OF THE
    ESCROW AGENT.

  • 11. THE ESCROW AGENT WILL THEN INITIATE TRANSFER THE FIAT FUNDS TO THE SELLER'S BANK
    ACCOUNT AND SEND PAYMENT REMITTANCE ADVICE TO BOTH THE BUYER AND SELLER WITHIN 3
    (THREE) HOURS OF STEP 10 ABOVE.

  • 12. THE ESCROW AGENT WILL THEN CONFIRM THE TRANCHE TRANSACTION IS COMPLETE EITHER
    VIA EMAIL OR PHONE CALL TO BOTH THE BUYER AND SELLER SIMULTANEOUSLY WITH PROOF OF
    FIAT FUND TRANSFER.

  • 13. STEPS 8 TO 12 WILL THEN BE REPEATED UNTIL TOTAL AGREEMENT IS FULFILLED OR
    EXTENDED BY THE BUYER AND SELLER.

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  • PROCEDURE: When Buyer Uses Norton Rose

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  • DigitalRFQ​ acting as Escrow

  • Buyer uses Norton Rose

  • The Buyer and Norton Rose can check the BTC held by DigitalRFQ acting as escrow.

  • Once they’re happy and have fully checked the btc…They can then release the money to the Seller via DigitalRFQ. 

  • Seller is using DigitalRFQ to ensure all client funds are clean and compliant as seller is subject to stringent AML/Compliance and auditing.

  • Note the escrow is used by huge US institutional buyers so they should read up on them

  • Digital RFQ Limited is a leading institutional cryptocurrency to FIAT exchange service, token advisory and OTC brokerage registered with the UK FCA as an EMD Agent with full banking level KYC, KYB and AML.

  • The seller is running their selling transactions through them to protect themselves from a compliance perspective.

  • It’s literally the highest grade option for large quantity buyers that keeps both sides fully secure.

  • Hence Norton Rose and Buyer can check the BTC before even releasing the money…Seller will have DigitalRFQ check the funds to make sure everything is ok before they accept the USD also

  • Note: Ideally, the buyers need to be forthcoming with KYC so they can be cleared and taken seriously. If they can be open with us on that, it will help us a million times more and we can have paperwork arranged and addressed to buyers so they know they’re getting the correct service.

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Interested parties should contact :

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