Zodia Markets has partnered with Bank Frick to join its fiat payment network, xPULSE.
The collaboration allows Zodia Markets to provide near-instant fiat settlement in major currencies to any participant on the network, even outside standard banking hours.
xPULSE supports real-time payments between Bank Frick clients by removing common delays linked to cross-border transfers, banking cut-off times, and manual processes.
The network enables faster movement of funds between institutions, improving trade execution, capital efficiency, and treasury operations.
Through the partnership, Zodia Markets, backed from inception by Standard Chartered, will offer Bank Frick clients broader access to cross-border liquidity and settlement tools.
The integration aims to streamline the movement of capital across multiple fiat currencies without constraints imposed by business days or time zones.
Mark Richardson, Chief Commercial Officer at Zodia Markets, said:
“Being part of the xPULSE network enables us to deliver a step change in settlement speed and client experience, without compromising on the standards and principles institutional clients expect. Any institution on the network can now access faster settlement through Zodia Markets and unlock wholesale FX execution at scale.”
The announcement marks a notable phase of growth for xPULSE, which has more than 600 participants seeking greater speed, flexibility, and interoperability across fiat and digital asset markets.
Mirko Pfiffner, Solutions Manager, Blockchain Banking Solutions at Bank Frick, said:
“Zodia’s institutional strength and reputation are a perfect match for our xPULSE network. This collaboration reflects our shared commitment to driving innovation and connectivity in the digital finance landscape.”
Featured image credit: Edited by Fintech News Switzerland, based on image by freepik
