Supporting a Global Digital Asset Manager’s Banking Needs
Hilbert Group is a digital asset manager specializing in high-frequency trading and yield generation for investment funds issued from the Cayman Islands. The group also operates Nordark, a business focused on crypto on- and off-ramping solutions for companies, although this division is currently paused while awaiting licensing.
With multiple entities operating internationally, Hilbert Group needed a banking partner that could support complex cross-border operations without creating unnecessary friction.
The Challenge: Overcoming Banking Restrictions
Before partnering with Payset, Hilbert Group encountered several banking obstacles that slowed operations and complicated financial management.
- Onboarding: Traditional banking providers struggled to onboard the business because of its connection to crypto-related activities, despite the company’s legitimate and regulated operations. This created delays and limited access to essential banking services.
- Blocked Payments: The team also faced ongoing challenges with international payments. Wire transfers to certain countries where contractors were based—such as South Africa—were frequently delayed or blocked, requiring manual workarounds and creating unnecessary administrative overhead.
- Multi-Currency Management: Managing multiple currencies across different entities was another pain point. With 14 subsidiaries operating under one group, consolidating funds and maintaining separate banking relationships added complexity and increased operational costs.
The Solution: Simplifying Global Payments with One Platform
Payset provided Hilbert Group with a single platform capable of supporting all of its international banking needs.
Instead of relying on multiple banking providers, the company gained access to multi-currency banking capabilities through one account, making it significantly easier to manage funds across the organization.
Payset also enabled smoother international payments, reducing issues with blocked transfers to contractor locations and improving day-to-day payment reliability.
Because Payset is comfortable supporting businesses operating in the digital asset ecosystem, Hilbert Group was able to complete onboarding without the obstacles it had previously experienced with traditional banks.
Additional benefits included:
- Free transfers between Payset accounts, making it easier to move funds between subsidiaries.
- No setup or monthly fees for opening additional accounts.
- A simple way to manage banking across all 14 group companies from one platform.
“What I really like is that it’s just a seamless, easy user interface. There aren’t a million blockers or checks. It almost gives you the feeling of plug and play, which is exactly what you want from a banking platform.”
Marc Conlon, Finance Manager at Hilbert Group
The Results: Streamlining Payments Across 14 Subsidiaries
Since adopting Payset, Hilbert Group has streamlined its global payment operations while reducing banking complexity across the organization.
The company now benefits from:
- Simplified international payments.
- Centralized multi-currency banking.
- Easier management of banking across 14 subsidiaries.
- Lower operational costs through free internal transfers and fee-free additional accounts.
- A faster, more intuitive banking experience for the finance team.
Rather than spending time navigating banking restrictions and fragmented systems, the team can focus on running the business.
