Wake AG

The Swiss rail between crypto and cash.

Conversion between crypto-assets and fiat, settled to your bank account. Built for regulated institutions and payment service providers.

Talk to us See how it works

What we do

Payment services, built on crypto-asset rails.

Six capabilities behind one agreement and one integration. Every on-chain operation happens inside our infrastructure; what reaches your systems is fiat and a data feed.

Crypto-to-fiat conversion

Convert major crypto-assets to fiat at a quoted rate, with the amount fixed at the moment the quote is accepted.

Fiat-to-crypto on-ramp

The same route in reverse, for clients who need to fund positions or settle obligations in crypto-assets.

Settlement to your bank

Fiat moves to your own account on an agreed cycle, with a reconciliation file listing every underlying conversion.

Held only for the conversion

Crypto-assets are held for no longer than executing the conversion requires. They remain the property of the depositing customer throughout, and are never lent, staked or pledged. Wake does not offer custody as a service.

Screening and monitoring

Sanctions and PEP screening, blockchain analytics on source of funds, travel rule information, and ongoing transaction monitoring.

API and webhooks

A REST API for quotes and orders, and signed webhooks so your ledger updates without polling.

Reach

Receive globally. Settle locally.

Deposits can arrive from wherever your customers are. Settlement goes to one place: your own bank account.

Crypto-assets reach us from wherever your customer happens to be, because the network they travel on has no jurisdiction. Every deposit arrives at an address issued to one named customer, so it is attributable the moment it lands.

What leaves is a bank transfer in fiat, into your own account, from a Swiss regulated intermediary — with a reconciliation file that ties it back to the conversions behind it.

Crypto-assets in From any network, to a customer-specific address

Fiat out Settled to your bank on the agreed cycle

Drag to rotate

Who we work with

One rail, three kinds of counterparty.

The mechanics are the same in each case. What changes is where Wake sits in your chain, and what your own regulator expects you to be able to show.

You already move money for your clients and want to add crypto settlement without taking on the conversion or the anti-money-laundering obligations that come with it.

Wake is the counterparty of record for the crypto leg
Your platform never touches a crypto-asset
One integration covers on-ramp, off-ramp and settlement
Wake identifies every customer itself, under its own AMLA obligations

The widget

Your customers never leave your site.

Partners do not rebuild conversion. Wake's interface embeds inside your own platform, already signed in as the customer who is using it, so what your customer sees is your product with a new capability in it.

Your customer signs in to you
Nothing changes for them. They log in to your platform, with your branding and your credentials, exactly as they do today.
You issue a session token
Your server asks Wake for a short-lived token for that customer. It carries your own customer reference, so the two systems agree on who is who without you sending us a password or your customer re-registering anywhere.
The widget opens inside your page
Wake's interface loads in place, already authenticated. Your customer sees deposit addresses, live quotes, conversion and settlement status without leaving your site.

Stays yours

Your brand, your domain, your customer relationship
Your existing sign-in — no second account for your customer
Your customer reference on every transaction and webhook

Becomes ours

Deposit address generation and attribution
Identification, screening and transaction monitoring
Quoting, conversion and liquidity
Settlement, reconciliation and the AMLA obligations

How it works

Eight steps from deposit to settlement.

Written for the people who assess the integration — engineering, finance and compliance — and assuming no prior knowledge of crypto infrastructure.

Identification
Every customer is identified by Wake before any deposit address is issued. We carry out our own due diligence under our own AMLA obligations, and do not rely on identification performed by anyone else.
Deposit address
A unique address is generated per customer and per asset. Addresses are never shared between customers, which is what makes every incoming deposit individually attributable.
Deposit
The customer sends the asset from their own wallet. Where that wallet is self-hosted, they must first demonstrate control of it by a test transaction or a signed message.
Screening
The source wallet and the transaction are screened against sanctions lists and blockchain analytics risk categories before the balance is made available.
Quote
A quote shows the rate, the fee and the net fiat amount in full. It is valid for a fixed number of seconds and must be accepted within that window.
Conversion
On acceptance the order is executed against our liquidity providers. The amount is fixed at the accepted quote, so no market risk sits with the customer.
Ledger update
A signed webhook delivers the fiat amount and your customer reference, so your system credits the right account without polling.
Settlement
Fiat is transferred to your bank account on the agreed cycle, with a reconciliation file listing the underlying conversions.

Customer walletExternal

Deposit addressUnique per customer

HoldingFor the conversion

ConversionAt accepted quote

Fiat accountWake AG

Your bankAgreed cycle

Shaded stages sit inside Wake's infrastructure. Crypto-assets remain the property of the depositing customer until the moment of conversion, are held only for as long as executing it requires, and are never lent, staked or pledged. Wake does not offer custody as a service.

Why Wake

You keep the customer. We carry the obligations.

The conversion leg sits with us — the addresses, the screening, the holding, and the licence and audit that go with them. Your side stays your product, your brand and your customer relationship.

Crypto-assets in Fiat settlements out Illustration — not a live feed. Converted at 0.880 EUR/USDC.

The regulated counterparty is us

Wake AG carries the anti-money-laundering obligations for the conversion. You are not acquiring a new licence, a new supervisor or a new audit.

Your platform never touches a crypto-asset

Every on-chain operation happens inside our infrastructure. What reaches your systems is fiat and a data feed.

No market risk in transit

The rate is fixed the moment your customer accepts the quote, not at settlement. What was quoted is what arrives.

We are not a custodian

Crypto-assets are held only for the period executing the conversion requires. They remain the property of the depositing customer throughout, and are never lent, staked or pledged.

Volume is not the constraint

Deposits are attributed, screened and quoted independently of one another, so a busy hour is more of the same rather than a queue.

A named relationship

Onboarding is mutual due diligence between two regulated businesses, not a signup form and a support address.

Integration

Four endpoints and a signed webhook.

No SDK to adopt and no state to mirror. Your system asks for a rate, accepts it, and waits to be told what landed.

Quotes: Request a rate, receive a quote with an explicit validity window, accept it inside that window.
Orders: Accepted quotes become orders. Every order carries your own customer reference end to end.
Webhooks: Signed with a shared secret so your system can verify the payload came from us before acting on it.
Reconciliation: A file per settlement cycle, listing each conversion that makes up the transfer that landed in your account.

POST — your endpoint

{
  "event":       "conversion.settled",
  "reference":   "your-own-customer-id",
  "asset":       "USDC",
  "amount_in":   "25000.00",
  "currency":    "EUR",
  "rate":        "0.880000",
  "gross":       "22000.00",
  "fee":         "66.00",
  "amount_out":  "21934.00",
  "settled_at":  "2026-09-30T14:21:07Z"
}

How we operate

Compliance is the product.

Wake AG is the regulated counterparty and carries the anti-money-laundering obligations for the business it conducts. That is the thing being bought.

101395VQF SRO membership number

Affiliated to a self-regulatory organisation recognised by FINMA.

Art. 2(3)Financial intermediary under AMLA

Subject to the Swiss Anti-Money Laundering Act and its ordinances.

AnnualIndependent AML audit

Examined each year by an audit firm accredited for that purpose.

Zug, CHSwiss stock corporation

UID CHE-381.774.414, registered in the commercial register of the Canton of Zug.

Regulatory status

Wake AG is a financial intermediary under the Swiss Anti-Money Laundering Act and is affiliated to VQF, a self-regulatory organisation recognised by FINMA, as member no. 101395. The affiliation concerns compliance with the AMLA; it is not a FINMA licence for other activities.

Supervision and audit

As a VQF member Wake AG is supervised for AMLA compliance, and its anti-money-laundering function is audited annually by an independent audit firm accredited for that purpose.

Governance

The board and management carry responsibility for internal controls, risk management and regulatory reporting, supported by the annual independent external audit.

Records and retention

Transaction records and due diligence documentation are retained for ten years, as required by Article 7(3) of the Anti-Money Laundering Act.

About

Who you are contracting with.

Wake AG is a Swiss stock corporation registered and run from Zug — a canton with a long habit of taking financial and crypto-asset business seriously, and the jurisdiction whose rules we are held to. Counterparties doing diligence on us should find what they need here; anything further is available on request.

Aerial view of Zug: the old town and Landsgemeindeplatz on the shore of Lake Zug. — Zug, Switzerland

Board and management

The board of directors and management are responsible for internal controls, risk management and regulatory reporting.

Compliance function

An anti-money-laundering officer and a deputy, independent of the business they supervise.

Ownership and structure

A Swiss stock corporation based in Zug. Details of the shareholder structure and beneficial ownership are provided to counterparties on request.

Audit

An external audit firm accredited for the purpose audits the anti-money-laundering function annually.

Contact

Start with a conversation, not a signup form.

We are happy to walk through the integration, the compliance framework or the commercial terms. Onboarding begins with mutual due diligence.

Email us

Email: info@wakepay.ch
Registered office: Gubelstrasse 11
6300 Zug
Switzerland
Identifiers: UID CHE-381.774.414
VQF member no. 101395