According to Odaily Planet Daily, Pave Bank has completed a $39 million Series A funding round led by Accel, with participation from Wintermute, Tether Investments, Quona Capital, Helios Digital Ventures, and other institutions.

Pave Bank, which holds a Georgia banking license and bills itself as "the world's first programmable bank built for the digital asset and AI era," is designed for clients who need both fiat and digital asset services. It enables real-time management of both fiat and digital assets, automates fund management operations, and reduces reliance on intermediaries.

Co-founder and CEO Salim Dhanani stated that the global financial system is shifting towards regulated on-chain finance, and institutions need a trusted bridge connecting traditional and emerging finance. Pave Bank will use this round of funding to expand regulatory coverage, accelerate product development, build institutional-grade infrastructure, and expand global market customer coverage. (The Block)