Jewel Bank is a licensed bank in Bermuda designed specifically for digital asset businesses, offering multi-currency accounts, bank-regulated stablecoins, and a real-time settlement network through API integration. It addresses the limitations of traditional banks by providing tailored banking solutions that meet the unique needs of digital asset investors and trading firms.
Funding
$15M 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Digital asset businesses face challenges with traditional banks due to legacy technology, outdated practices, and a lack of specialized digital asset solutions. This results in difficulties managing multi-currency transactions, accessing real-time settlement networks, and integrating banking services with their existing infrastructure.
Solution
Jewel Bank offers tailored banking solutions designed specifically for digital asset investors and trading firms, providing multi-currency accounts, bank-regulated stablecoins, and a real-time settlement network accessible through API integration. This enables seamless banking across fiat and stablecoins, with Stablecoins-as-a-Service issuance available for select clients. Jewel Bank facilitates intra-bank settlement between account holders 24/7, eliminating the friction associated with traditional interbank settlements. Clients can also leverage crypto-collateralized lending to utilize their digital assets for investment purposes.
Target Audience
Jewel Bank primarily targets digital asset investors, market makers, and OTC trading firms requiring specialized banking solutions for managing digital assets.
Features
- Core banking services including business checking, deposits, and wires for digital asset businesses
- Multi-currency denominated bank deposits (USD, EUR, GBP, CHF)
- Stablecoins-as-a-Service issuance for select clients
- Real-time settlement exchange for intra-bank transactions
- Digital asset custody options
- Crypto-collateralized lending services
- API-based services for managing cash, stablecoins, wires, and fiat on/off ramps
- Access to global payment systems (US Fedwire, ACH, SWIFT, SEPA)