Khalani Review 2026: Non-Custodial Intent-Based Cross-Chain Protocol
Khalani is a non-custodial, intent-based routing protocol supporting 10,000+ assets across 40+ blockchains. Founded in 2023 by Perpetual Motion Labs, it uses atomic settlement swaps completely or not at all. Consumer product: TokenFlight. Swapzone ratings will be available after go-live.
Ratings and transaction metrics are updated monthly based on verified swaps from the previous month. KYC/AML policy, fees, supported countries, and limits are sourced from the partner's official documentation.How we rate exchanges
Established
2023Supported coins
10,000+ assetsKYC
Risk-basedrequired where mandated by law or by third-party providers
AML
Published policy; sanctions screeningFees
Service fee, integrator fee, referral fee, settlement fee, market-maker spread exact rate TBCWithdrawal methods
Crypto to wallet only (no custodial withdrawal option)Support
No public live chat / Partner escalation via emailLimits
TBA; no protocol-wide limit publishedThe company operates as Perpetual Motion Labs, Inc. (BVI), headquartered in New York, and was founded in 2023 by co-founders Kevin Wang and Tannr Allard. Khalani raised a $2.5M seed round in August 2024 led by Ethereal Ventures, with participation from Nascent, Figment Capital, and Arthur Hayes' Maelstrom, among others.
Provider Metrics
Ratings are based on how crypto cards perform in real-world use, including fees, rewards, custody setup, issuer reliability, and usability. Scores are comparative and independent of partnerships.
KYC
May be requiredAML
Published / Risk-based0 reviews
Composite score
Weighted across all four metricsPros and cons
Pros
40+ supported blockchains10,000+ supported assetsNon-custodial cross-chain swapsNon-custodial cross-chain swapsSolver competition for executionCons
KYC may be requiredFees are not publicly disclosedMinimum amount varies by routeLimited public support informationNewer provider, founded in 2023Alternatives to Khalani
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Frequently Asked Questions About SimpleSwap
Khalani is non-custodial; it never holds user funds or private keys, and settlement is atomic (all-or-nothing), which removes the risk of assets getting stuck mid-transaction. As a newer protocol (2023), it has a shorter security track record than long-standing custodial-adjacent exchanges.
Khalani applies a combination of service fees, integrator fees, referral fees, and settlement fees, plus solver/market-maker spreads embedded in the quoted rate; exact percentages are not published and should be confirmed directly with the Khalani team.
Verification is applied on a risk basis, either when required by law or triggered by a third-party liquidity/payment provider integrated into a specific flow; there's no fixed universal KYC threshold disclosed publicly.
Khalani operates on an intent-based model: instead of routing a direct swap like a traditional exchange, it lets users declare an outcome, then a network of independent solvers competes to fulfill that outcome across 40+ chains, executing atomically.
No. Khalani never takes custody of funds, holds no order book, and requires no account — it functions as decentralized settlement infrastructure that other wallets, apps, and protocols integrate (via the TokenFlight product), rather than as a standalone CEX.
On Swapzone, Khalani will appear alongside other exchange partners with its current rate for the given pair, KYC frequency label, and verified transaction reviews once live — this is analogous to how ChangeNOW's card layout works.