Pave Bank secures $39M funding with Tether's participation
Fintech innovation aims to bridge fiat and digital assets with programmable banking solutions for real-time settlements and enhanced regulatory compliance.
Key Takeaways
- Pave Bank, a fintech integrating fiat and digital assets, raised $39 million in funding.
- Tether, alongside Accel and Wintermute, was a notable investor in the round.
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Pave Bank, a fintech startup building a programmable banking platform that integrates fiat and digital assets, secured $39 million in funding with participation from Tether Investments, the investment arm of stablecoin issuer Tether. The round, led by Accel, also included Wintermute.
The funding supports Pave Bank’s development of what it positions as a compliant solution for blending traditional finance with digital assets. The platform emphasizes real-time treasury capabilities and instant settlements, targeting programmability and resilience for the digital assets era.
Tether’s participation aligns with the broader industry focus on programmable infrastructure. Recent ecosystem developments highlight such systems as essential for stablecoin issuers to enable near-zero-fee transfers and compete with traditional payment networks.
