Orbital, a cross-border platform that orchestrates payments across stablecoins and traditional rails, announced its partnership with ClearBank Europe, an enabler of real-time clearing and embedded banking.
The partnership unlocks “cost-effective, and compliant euro transactions for Orbital’s enterprise customers, bridging traditional payments with digital assets.”
Cross-border payments using rails like SWIFT “are too expensive, too slow, and too opaque for enterprises trading with and across Europe.”
They have been forced to stitch together an “array of different payment networks from bank transfers to stablecoins, FX and local payment options to meet their needs.”
This complex infrastructure creates major challenges “around reconciliation, counterparty identification and liquidity management for corporate treasury teams.”
By partnering with ClearBank Europe, Orbital group gains “direct access to real-time euro clearing, named IBANs, and SEPA infrastructure with full AML and KYC checks to ensure compliance.”
This integration strengthens Orbital’s fiat payment capabilities, “enabling enterprise customers to manage EUR bank transfers more efficiently.”
Businesses can avoid the high fees and FX charges often “associated with international EUR transfers as well as improve cash flow and operational efficiency through SEPA Instant Credit Transfers.”
Separately, the wider Orbital group offers “additional treasury solutions, such as stablecoins, FX and local payout rails – all accessible through a unified platform – which further improves speed, cost efficiencies and cashflow.”
Real-time wallet-based tracking, counterparty identification and reconciliation across fiat flows, reduces risk, and “supports banking-grade compliance – especially for high-volume, multi-jurisdictional businesses.”
Chris Mason, CEO of Orbital group noted that stablecoins are moving mainstream and firms are looking to use digital assets to better manage cash and treasury.
“But stablecoins are sandwiched between fiat on/off rails. If those rails aren’t real-time, then the overall payment flow isn’t either. This is why direct access to SEPA with ClearBank Europe is so important for our customers.”
Ezequiel Canestrari, Chief Operating Officer, ClearBank Europe, called the arrangement a significant milestone providing direct access to real-time Euro clearing.