Orbital launches a product that integrates traditional finance and cryptocurrencies, to offer a regulated, and secure, treasury solution for institutions.
On Wednesday, the 23rd of February, Orbital announced a new platform. The Orbital product forms a bridge between traditional finance and crypto-based treasury solutions. It is the first product in the industry to offer a secure, frictionless, and regulated treasury management experience for global institutions.
The platform offered by Orbital is designed to be a single point of access for all of a modern corporation’s treasury needs. Leveraging digital assets, as well as stable coins, the platform increases the speed of cross-border transactions, while significantly lowering the costs, fees, and delays associated with fiat currency-based payment.
“Orbital is the solution: a fully-integrated treasury management platform that enables businesses to harness the power of cryptocurrency alongside the very best of traditional financial services.” – Orbital CEO, Chris Mason
The Orbital treasury solution offers multi-currency accounts, foreign exchange, global payments, crypto-based custody vaults, Over-The-Counter Trading, as well as Customer-To-Business digital asset payment processing. The platform is designed to unify traditional financial services and Cryptocurrencies and consolidate the two worlds into a single, corporate-friendly solution.
The corporate world has been slow on the uptake of digital assets, as a result of a lack of regulatory clarity on the matter, differing appetites for digital assets across regions and firms, as well as a general lack of knowledge, which leads to mistrust of what appears to be a daunting field. What adds weight to Orbital’s offering is the fact that the platform is built by a regulated service provider which has expertise in both traditional banking and cryptocurrencies.
“Until now, multinationals had been forced to choose their crypto tools piecemeal from a range of providers – and to suffer the long onboarding and inefficient integrations that came with them.” – Mason
