New Hong Kong banking infrastructure enables faster USD settlements in Asia

This new infrastructure allows Zodia Markets to offer clients significantly faster USD settlement times, enabling real-time fund transfers within Asian market hours, without relying on the U.S. Fedwire operating window.

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Zodia Markets, the digital asset platform reengineering how institutional capital moves, has enhanced its Asia-Pacific capabilities by opening a USD bank account directly connected to the Hong Kong Interbank Clearing Limited (HKICL) settlement network. 

This new banking infrastructure allows Zodia Markets to offer clients significantly faster USD settlement times, enabling real-time fund transfers within Asian market hours, without relying on the U.S. Fedwire operating window.

What does this new banking infrastructure mean for clients across the region?

  • Intra-day USD settlements aligned to local time zones 
  • Greater control and predictability in fund movements 
  • Improved liquidity efficiency and operational clarity

Mark Richardson, Chief Commercial Officer at Zodia Markets comments, “By connecting to the HKICL network, we’re eliminating the wait clients often face when settling USD across time zones. It’s a fundamental shift. Clients can now access, move and settle dollars during their business day, not someone else’s.”

This move is part of Zodia Markets’ broader commitment to building a modern institutional infrastructure that supports digital asset trading, FX and stablecoin flows with the speed and reliability clients expect from traditional finance.

 

The Hong Kong-based banking capability complements Zodia Markets’ existing global infrastructure, reinforcing its position as a leader in cross-border financial connectivity

For more information, get in touch with a member of the team or follow us on LinkedIn to stay up to date with our latest news.

Disclaimer: This information is for informational purposes only and to serve as a basis for discussion. It is not intended to be, and should not be construed as, financial or investment advice or a recommendation or solicitation to buy or sell any cryptocurrency or other digital asset. It is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.

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