Asunción’s financial scene is changing, and local exchanges are proving that digital assets are more than an abstract idea. Among them is X4T, a home-grown platform founded in 2021 and operating under licence in Paraguay’s capital. It has grown into Paraguay’s first licensed full-service crypto exchange, combining international security standards with a local presence.
Filling a gap in Paraguay
When X4T launched late 2021, cryptocurrency activity in Paraguay was fragmented and largely unregulated. Opportunities to trade or cash out were limited to informal arrangements or overseas platforms disconnected from local banking. X4T entered with a licensed exchange, a visible office in Asunción, and multilingual support, giving locals, freelancers, expats, and businesses their first straightforward way to bring digital assets into daily financial life.
Services built for daily use
“Our strength is conversion,” says David Eisenmann, CEO of X4T. “For most of our clients, the priority is being able to turn digital assets into guaraní or dollars quickly and reliably.”
Crypto earnings can then be linked directly with Paraguay’s banking system or sent abroad through established transfer channels. For those who want to keep assets in place, the exchange also provides custody wallets – secure accounts for holding crypto – and spot markets where users trade at current prices.
In practice, most clients use the service to turn digital income into spendable cash for daily expenses, remittances, or business payments. For others, the need is more specific. Newcomers arriving in Asunción often face delays opening bank accounts while their residency is being processed, leaving them with few straightforward options to move funds into the country.
Some have used X4T to bring in capital for property purchases, an option that can be difficult for non-residents without a local account. Local entrepreneurs also rely on the platform to settle invoices quickly when traditional channels are too slow. Rather than chasing every new feature, the company focuses on the essentials that clients actually use, delivered with reliability.
A focus on trust and security
Being licensed in Paraguay sets X4T apart in an industry where many platforms operate in grey areas. The company is subject to local rules and audits, giving clients clarity about how their money is handled. “People come to us because they want reliability, not risk,” Eisenmann explains. “Having a licence and using institutional-grade safeguards gives them confidence that their assets are secure.”
To reinforce that, X4T applies safeguards at institutional level, with wallet security powered by Fireblocks and on-chain monitoring to detect suspicious activity early.
Another notable partner is Circle, the issuer of USD Coin, a stablecoin widely used for payments and transfers. By combining international standards with a local licence, X4T presents itself as a dependable link between global digital assets and Paraguay’s financial system.
The team behind the X4T platform
X4T is not a faceless digital brand. The company operates from the X4T office in The Top Business Center (Avenida Aviadores del Chaco 1529, Floor 16, Office 1602) in Asunción where users can meet staff directly, supported by an online help desk available around the clock.
At the centre is a leadership team that is closely involved in building Paraguay’s crypto infrastructure. David Eisenmann, the Chief Executive Officer, drives the company’s overall direction. Chief Technology Officer Marius Paesler oversees the platform’s technical development and security. Vice President Nicole Cobelli focuses on operations and client relations.
“For us it is important to be visible here in Paraguay’s capital,” Cobelli says. “Clients know there are real people behind the platform, and that makes all the difference.” For many users, that visible presence and accessibility are what sets X4T apart from larger global platforms that operate from a distance.
What X4T signals for Paraguay
Asunción’s role as a fintech hub is still taking shape, but X4T is already part of the picture. From its beginnings in 2021 to its current role as Paraguay’s licensed crypto exchange, it has connected digital currencies to everyday financial life in the country. X4T stands as proof that local solutions can carry weight in the digital economy.
Getting started with X4T
The process of using X4T is straightforward and comprehensive. Registration can be done online or at the company’s office in Asunción, followed by a standard identity check. Clients then fund their accounts with crypto, cash, or transfers through supported banks, depending on local policies.
Once active, the platform gives several options: digital assets can be converted into guaraní or dollars, traded on spot markets, or held securely in custody wallets. Withdrawals are simple, either through a bank connection or in person at the office.
With 24/7 support, X4T offers locals, newcomers, freelancers, and businesses a reliable partner for handling digital assets in Paraguay. More details are available at X4T.com.
About the author:
Stijn McAdam is an independent analyst focusing on finance, technology, and geopolitics. A former military and law enforcement officer turned entrepreneur and global investor, he writes about markets, sovereignty, and global shifts in power. He is the author of Fit & Free, Crypto from Scratch, and Trade Smart, and regularly shares insights at stijnmcadam.com.
