Custodia Bank™ operates as a chartered special purpose depository institution, providing regulated banking and money market fund services specifically for digital asset businesses. By offering a compliant platform for cash management and programmable payments, Custodia minimizes transactional risk and enhances regulatory clarity for its business customers.
Funding
$53.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Digital asset businesses face challenges in managing cash and executing programmable payments within a regulated framework. Traditional banking institutions often lack the infrastructure and understanding to serve the unique needs of companies dealing with digital assets, leading to increased transactional risk and regulatory uncertainty.
Solution
Custodia Bank provides a compliant platform for digital asset businesses to manage cash, connect, and transact. As a chartered special purpose depository institution, Custodia operates under a regulatory framework, offering financial services such as settlement and yield opportunities. Custodia's API-enabled digital banking services facilitate programmable payments, while its money market fund services, accessed via third-party fund managers, enable programmable transactions.
Target Audience
Custodia services U.S.–based business customers such as digital asset businesses, fintechs, banks, corporate treasurers, trusts, pension funds, and start-ups.
Features
- API-enabled digital banking for programmable payments
- Access to money market funds via third-party managers
- Services for digital asset businesses, fintechs, banks, corporate treasurers, trusts, pension funds, and startups
- Operates under a special purpose depository institution legal and regulatory framework