Custodia Bank

Custodia Bank is a United States based startup specializing in digital asset payment & custody solutions for US businesses. The company was founded in 2020 and received a $7.49M Series A investment on 28 October 2022. Custodia Bank's primary focus is to serve as a compliant bridge to the U.S. dollar payments system and a custodian of digital assets that can meet the strictest level of institutional custody standards. It is important to note that deposits are not FDIC insured. The company is committed to fully complying with all applicable laws and regulations, including the Bank Secrecy Act and federal “know your customer,” anti-money laundering and related laws and regulations. In addition, Custodia will also comply with Wyoming’s special purpose depository institution and digital asset laws, which include requirements that fiat deposits be 100% reserved and that Custodia meet the strictest consumer protections in the digital asset industry. The company is scheduled to open its doors in Q2’22.