What happens to your asset between closing and settlement

You locked the price, sent the PIX and are waiting for the asset to arrive in your wallet. This interval — between the agreement and blockchain confirmation — is the moment when the most doubts arise and where the most errors occur. What exactly is happening with your asset during this period?

The answer varies enormously depending on where you're operating. And understanding this difference is fundamental for any company that uses crypto as a recurring financial instrument.

"The asset is somewhere between closing and your wallet. The question is: where exactly, under whose custody, and with what guarantees?"

The three custody models during settlement

There are basically three ways an OTC can manage the asset between operation closing and transfer to the client:

Modelo A

Segregated proprietary custody The OTC keeps client assets in wallets separate from its own assets. After payment confirmation, the asset is transferred directly from the client wallet to yours. This is the safest model — and the one required by regulation.

Modelo B

Shared operational wallet The purchased asset sits in a wallet that mixes the OTC's own funds with client funds. Your transfer happens when the OTC decides to process — not necessarily when you paid.

Modelo C

No pre-allocation The OTC doesn't have the asset in its wallet at closing. After receiving your PIX, it goes to the market to buy the asset to then transfer to you. The execution risk is entirely theirs — but the waiting time is yours.

Critical risk

In Models B and C, if the OTC has financial problems during the settlement interval, your asset may be at risk. This is not hypothetical — it has already happened with platforms in Brazil and abroad.

What happens at each stage at SuitCoin

At SuitCoin, the process follows Model A with an additional transparency layer:

Digital security and custody — Asset segregation: client funds never mix with SuitCoin's operating capital.

Before closing: the asset is already pre-allocated in a segregated client wallet. SuitCoin does not close operations it cannot settle immediately — there is no purchase queue after your PIX.

Upon PIX confirmation: the transfer is initiated automatically. There is no "internal approval" step between payment confirmation and asset departure.

During blockchain confirmation: the asset is already in the outgoing transaction. Confirmation time belongs to the network — for USDT on Tron, typically less than 2 minutes; for BTC, it can be slower depending on network fees. This time is communicated before closing.

Garantia operacional

You can track your transaction on the blockchain in real time from the moment PIX is confirmed. The transaction hash is sent automatically.

Why segregation is not optional for a regulated SPSAV

Joint Resolution 13/2024 of the Central Bank of Brazil establishes that SPSAVs must maintain clear separation between own assets and client assets. This is not a recommendation — it is a legal obligation for any company in the SPSAV authorization process.

In practice, this means SuitCoin cannot use your asset as working capital, as collateral in its own operations, or as backing for any activity other than settling your operation. This restriction elimina o conflito de interesses that exists in unregulated platforms.

O que perguntar para qualquer OTC antes de operar

Are client assets held in wallets segregated from the platform's own assets?
A OTC já tem o ativo em carteira antes de fechar comigo, ou compra depois de receber meu Pix?
What is the procedure in case of a technical failure during settlement?
Can I track my transaction on the blockchain from the moment of payment?
Does the platform have an authorization process as SPSAV with the Central Bank?

An OTC that answers these questions with clarity and documentation is operating at the right level. One que evita ou generaliza está te dizendo o susufficient for you to decide.

Quer operar cripto com uma OTC regulada?

Dedicated service, transparent process and immediate settlement in BTC, USDC and USDT for companas.

Rica Morais Chief Operating Officer · SuitCoin

Economist from Unicamp, Rica has been COO of SuitCoin since its founding — including the SPSAV licensing process with the Central Bank. Lecturer at FIA and startup mentor. Writes about what actually matters for those making financial decisions using crypto.