Provides regulated banking services for businesses, combining traditional fiat accounts with digital asset custody and settlement capabilities. Enables seamless intrabank transfers, cross-border payments, and global spending through Visa cards, addressing the needs of enterprises navigating both legacy finance and blockchain ecosystems.
Funding
$13M 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.
NVFounders
Product
Problem
Many businesses, especially those in the fintech and blockchain sectors, struggle to find banking services that can bridge the gap between traditional finance and the digital asset ecosystem. Traditional banks often lack the infrastructure and regulatory understanding to support businesses dealing with cryptocurrencies and other digital assets. This creates inefficiencies and complexities for companies needing to manage both fiat and digital currencies.
Solution
FV Bank provides regulated banking services tailored for businesses operating in the digital asset space, offering a combination of traditional fiat accounts and digital asset custody solutions. The bank enables clients to seamlessly manage both fiat and digital currencies within a single account, facilitating intrabank transfers, cross-border payments, and global spending via Visa cards. FV Bank's services are designed to meet the needs of fintech and blockchain companies, providing a secure and compliant environment for managing their finances. By integrating digital asset custody with traditional banking, FV Bank streamlines operations and reduces the complexities associated with navigating both financial worlds.
Target Audience
FV Bank primarily targets fintech and blockchain companies, including family offices, funds, exchanges, trading desks, and liquidity providers, that require integrated banking services for both fiat and digital assets.
Features
- Integrated platform for managing both fiat and digital assets in one account
- Secure digital asset custody services with multi-party computation (MPC) to protect private cryptographic keys
- Support for direct deposits in USDC, with instant conversion to USD
- Cross-border foreign exchange (FX) payments service supporting multiple currencies (EUR, GBP, CAD, HKD, SGD, ZAR, and JPY) across 150+ countries
- Visa debit and credit cards, enabling global spending and borrowing against cryptocurrency assets
- Real-time fiat settlement platform (FV Net) for institutional trade settlement services
- API for seamless bank automation
- ACH payments processing service for debits
- Compliance with Bank Secrecy Act (BSA) and anti-money-laundering (AML) standards