FundBank renames to IRACE Digital and acquires Tenet Bank

Odaily reports that FundBank has been renamed to IRACE Digital and has acquired Tenet Bank in the Cayman Islands. The transaction will incorporate digital asset banking and fintech-focused clients into IRACE's existing institutional banking operations. Former Zodia Custody CEO John Cronin has been appointed as Global CEO, and IRACE is expanding into custody, liquidity, and trading infrastructure. (CoinDesk)