Pave Bank raises $39 mn to bridge traditional and digital finance

Pave Bank raises $39 mn to bridge traditional and digital finance

Singapore-based Pave Bank, led by CEO Salim Dhanani, has raised $39 million in Series A funding led by Accel, with participation from Tether Investments and Quona Capital. Operating under a full-reserve model, the programmable bank blends traditional finance with blockchain efficiency, focusing on regulatory expansion, automation, and institutional-grade digital finance innovation worldwide.

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