Programmable bank Pave Bank completes $39 million Series A funding round, led by Accel
According to ChainCatcher, citing The Block, Pave Bank, a programmable bank built for the digital asset and artificial intelligence era, has completed a $39 million Series A funding round led by Accel, with participation from Tether Investments, Wintermute, Quona Capital, Helios Digital Ventures, and others.
Pave Bank positions itself as a commercial bank aiming to serve clients with both fiat and digital asset needs. The bank, which is licensed in Georgia, stated that it will use the funds to "expand regulatory coverage, accelerate product development, continue building institutional-grade infrastructure, and broaden its customer base in global markets."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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