Orbital launches new currency corridors via Banking Circle tie-up

By Parth Prabhudesai

Orbital has partnered with Banking Circle to expand its multi-currency payment infrastructure, adding new currency capabilities aimed at supporting enterprise clients operating across Europe and Australia.

The agreement will enable Orbital to launch client-named virtual IBANs in Danish krone (DKK), Swedish krona (SEK), and Hungarian forint (HUF), with Swiss franc (CHF) and Australian dollar (AUD) capabilities expected to follow soon.

Orbital, which provides payment orchestration services connecting traditional payment systems with digital asset rails including stablecoins, said the expansion will help businesses hold and settle funds in local currencies under their own names.

The company noted that client-named accounts offer greater transparency and operational efficiency compared with pooled virtual accounts, which can create challenges around reconciliation and regulatory reporting.

Chris Mason, chief executive officer at Orbital, said businesses are increasingly seeking more flexible global treasury capabilities.

“Enterprises are increasingly thinking in multi-currency terms,” said Mason.

“They want to hold and settle in those currencies under their own name, not via pooled wallets or opaque structures.”

Under the partnership, Banking Circle will provide safeguarding services for client funds in line with Orbital’s regulatory obligations. Banking Circle is a Luxembourg-regulated credit institution focused on payments infrastructure for financial institutions and FinTech firms.

Nischa Us-Moynihan, chief sales officer at Banking Circle, said the collaboration combines regulated banking infrastructure with digital asset payment capabilities.

“Working with Orbital brings together client-named multi-currency accounts and access to clearing schemes with a platform designed for both fiat and stablecoin flows,” said Us-Moynihan.

The latest additions build on Orbital’s existing EUR, GBP and USD banking infrastructure and expand its third-party local payment capabilities into Switzerland, the Nordics, Central Europe and Australia.

The partnership reflects growing demand from global businesses for integrated cross-border payment infrastructure that supports both traditional fiat currencies and digital assets within a single platform.