TechFlow, Oct 23 — According to TheBlock, Pave Bank has raised $39 million in a Series A funding round. The round was led by Accel, with participation from Wintermute, Tether Investments, Quona Capital, Helios Digital Ventures, and other investors.
Pave Bank describes itself as the "world's first programmable bank built for the digital asset and AI era" and holds a Georgia state banking license. Designed for clients requiring both fiat and digital asset services, the bank enables real-time management of fiat and digital assets, automated capital operations, and reduced reliance on intermediaries.
Co-founder and CEO Salim Dhanani said the global financial system is shifting toward regulated on-chain finance, and institutions need a trusted bridge connecting traditional and emerging finance. Pave Bank will use the funds to expand its regulatory footprint, accelerate product development, build institutional-grade infrastructure, and broaden its customer reach in global markets.
