This company provides a banking platform for digital asset businesses, offering core banking services across both fiat and stablecoins. Their platform includes digital asset custody and a full bank-as-a-service API, enabling comprehensive banking transactions for the digital asset economy.
Funding
Funding not disclosed
Founders
Product
Problem
Digital asset businesses face challenges in accessing traditional banking services due to regulatory uncertainty, perceived risk, and the limitations of legacy banking infrastructure. These companies often struggle to find reliable partners for managing both fiat and digital currencies, hindering their operational efficiency and growth.
Solution
Jewel Bank provides a banking platform tailored for the digital asset economy, offering core banking services across both fiat and stablecoins. The platform enables seamless transactions between traditional and digital assets, including multi-currency business checking, deposits, and wires. Jewel Bank facilitates intra-bank settlement between account holders 24/7 and offers digital asset custody solutions, allowing clients to either custody their own keys or utilize Jewel Bank's custody services. Through its API-based services, Jewel Bank provides a full bank-as-a-service, enabling clients to manage cash, stablecoins, wires, and fiat on/off ramps from a single point.
Target Audience
Jewel Bank primarily targets digital asset exchanges, institutional investors, market makers, and OTC trading firms operating within the digital asset ecosystem.
Features
- Multi-currency denominated bank deposits (US Dollar, Euro, Pound Sterling, Swiss Franc)
- Access to global payment systems for fiat on-ramps and off-ramps (US Fedwire, ACH, SWIFT, SEPA)
- Stablecoins-as-a-Service issuance on behalf of select clients
- 24/7 intra-bank settlement between Jewel Bank account holders
- Digital asset custody solutions with options for self-custody or custody by Jewel Bank
- Crypto-collateralized lending to leverage existing digital assets
- Full bank-as-a-service API for managing cash, stablecoins, wires, and fiat on/off ramps