USD Rails Now Live for UK and Swiss Institutions, EU Access Coming Soon
Staff Writer • 2025-03-12
Seamless USD Deposits, Withdrawals, and Trading Pairs Now Available via Bank Frick London, – Institutional customers in the UK, Switzerland, Gibraltar, Jersey, Guernsey, and the Isle of Man can now access direct USD payment rails, marking a major step in expanding cross-border financial infrastructure for cryptocurrency markets. Through a new partnership with Bank Frick, a leading blockchain-friendly bank based in Liechtenstein, institutional users in these regions can now deposit, withdraw, and trade in USD without reliance on intermediaries or conversions. This functionality is set to extend to EU and EEA institutions in the coming weeks, reinforcing the growing demand for seamless, real-time banking rails for digital asset transactions. Bringing Institutional-Grade Banking to Crypto This launch allows UK and Swiss institutions to interact with over 80+ USD trading pairs, streamlining liquidity, trading efficiency, and settlement processes. For a limited time, UK institutions can deposit and withdraw fiat via these new USD rails without additional fees, providing a cost-effective solution for institutional traders seeking access to stable fiat liquidity. To enhance accessibility, Bank Frick’s xPULSE service will enable 23/7 payment processing, ensuring round-the-clock fiat deposits even outside traditional banking hours. This functionality bridges a crucial gap for institutional crypto traders who require real-time access to fiat on/off ramps without banking delays. Why This Matters for Institutional Crypto Adoption The launch of USD payment rails addresses a long-standing challenge for European institutions engaging in crypto markets. With many financial institutions hesitant to process USD transactions linked to digital assets, institutions often face delays, high fees, and regulatory hurdles when moving funds across jurisdictions. By integrating direct USD banking rails, this initiative removes friction from institutional trading, allowing firms to operate in a more stable, predictable financial environment. It also strengthens crypto-fiat liquidity, a crucial factor in market efficiency and institutional adoption of digital assets. Bank Frick: A Trusted Partner in Blockchain Banking Bank Frick, founded in 1998, has built a reputation as one of the most crypto-forward banks in Europe, offering services in fund administration, blockchain banking, and crypto asset management. The bank’s commitment to regulatory compliance, secure infrastructure, and innovative financial services made it a natural partner for launching USD rails tailored to institutional crypto traders. Expanding USD Rails to the EU and Beyond While the initial rollout is focused on UK and Swiss institutions, the next phase will extend this same functionality to institutional clients across the EU and EEA. The move aligns with ongoing efforts to create a unified, accessible trading environment for institutions operating across multiple jurisdictions. Institutional clients in the EU interested in gaining early access to USD rails are encouraged to reach out to institutional.team@gemini.com to learn more about onboarding and upcoming availability. With the expansion of direct USD payment solutions, institutions now have a more reliable, secure, and efficient fiat gateway to digital asset markets—one that removes key barriers to mainstream institutional adoption of crypto.
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