Custodia Bank

Custodia Bank

Digital asset banking and custody services

About Custodia Bank

Simplify's Rating
Why Custodia Bank is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Fintech

Crypto & Web3

Financial Services

Company Size

11-50

Company Stage

Early VC

Total Funding

$53.4M

Headquarters

Cheyenne, Wyoming

Founded

2020

Overview

Custodia Bank operates at the intersection of traditional banking and digital assets, providing services tailored for institutions that need clear regulatory guidance and secure transaction methods. The bank offers custody and payment solutions that integrate with existing financial systems, making it easier for clients to manage digital assets. Its primary customers are tech-savvy businesses and financial entities that benefit from Custodia's modern API, which allows for seamless integration with their operations. Unlike many competitors, Custodia holds a bank charter, enabling it to act as a depository institution and potentially become a U.S. dollar clearing bank, which enhances its regulatory compliance and security. The company's goal is to provide secure, efficient financial solutions that bridge the gap between traditional finance and the growing digital asset market.

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Simplify's Take

What believers are saying

  • Increased institutional interest in digital assets boosts demand for Custodia's services.
  • The rise of tokenized assets creates new opportunities for innovative payment solutions.
  • Clearer regulatory landscape encourages institutions to seek compliant partners like Custodia.

What critics are saying

  • Increased competition from other crypto-friendly banks could erode Custodia's market share.
  • Cryptocurrency market volatility poses risks to Custodia's financial stability.
  • Intensifying regulatory scrutiny may increase compliance costs for Custodia.

What makes Custodia Bank unique

  • Custodia Bank bridges traditional banking and digital assets with regulatory compliance.
  • It offers a tokenized dollar, solving payment inefficiencies for business customers.
  • Custodia's modern API capabilities allow seamless integration with clients' existing systems.

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Funding

Total Funding

$53.4M

Above

Industry Average

Funded Over

3 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Competitive Salary

100% Remote

Competitive equity package

Amazing growth opportunity

Unlimited PTO

Medical, dental & vision coverage

Growth & Insights and Company News

Headcount

6 month growth

-8%

1 year growth

0%

2 year growth

10%
U.S. Securities and Exchange Commission
May 30th, 2024
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

Tencent News
Jan 18th, 2023
美国数字资产银行Custodia完成700万美元融资_腾讯新闻

美国数字资产银行Custodia完成700万美元融资

Cointelegraph
Mar 26th, 2021
Avanti Financial raises $37 million to launch institutional crypto bank

The digital asset bank will be aimed at institutional investors only, and there is no exchange planned.

Crypto Briefing
Oct 29th, 2020
Wyoming State Regulators Approve Avanti, America’s 2nd Bitcoin Bank

Avanti says that it has gained approval for its Wyoming-based cryptocurrency bank, as revealed in a new press release.

PYMNTS
Oct 29th, 2020
Bitcoin Daily: Medici Ventures Invests $8M In Bitt; Cambodia Rolls Out Blockchain Payments

Overstock.com Inc.’s fully owned subsidiary, Medici Ventures, unveiled an $8 million equity investment in its Barbados-based keiretsu firm Bitt, according to a Wednesday (Oct. 28) announcement.

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