Custodia Bank

Custodia Bank

Custody, settlement, and API-driven digital assets

Overview

Custodia Bank provides digital asset custody and payment solutions for institutional clients through a regulated banking framework. The platform uses an API to connect traditional financial systems with digital assets, allowing businesses to manage transactions and use a tokenized dollar for faster payments. Unlike many competitors, Custodia operates as a depository institution with a bank charter, offering the regulatory protections of a U.S. dollar clearing bank. Its goal is to bridge the gap between legacy finance and blockchain technology by providing a secure, compliant environment for institutional digital asset management.

About Custodia Bank

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

Industries

Enterprise Software

Crypto & Web3

Financial Services

Company Size

11-50

Company Stage

Early VC

Total Funding

$53.4M

Headquarters

Cheyenne, Wyoming

Founded

2020

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Simplify's Take

What believers are saying

  • Federal Reserve access would remove intermediaries and reduce payment fees.
  • Hazel Network could distribute tokenized deposits and compliant stablecoin settlement.
  • Institutional custody demand supports higher-margin business customers and digital-asset firms.

What critics are saying

  • The 10th Circuit upheld the Federal Reserve's right to block payment-rail access.
  • Operations remain concentrated in select states, limiting diversification and growth.
  • Hazel Network's Q4 2026 rollout leaves months for technical and adoption failure.

What makes Custodia Bank unique

  • Wyoming SPDI charter positions Custodia as a regulated digital-asset bank.
  • It targets U.S. businesses needing compliant custody and dollar payment rails.
  • API-based programmable accounts support institutional settlement and treasury workflows.

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Funding

Total Funding

$53.4M

Above

Industry Average

Funded Over

5 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

-10%

1 year growth

0%

2 year growth

-5%
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.

CryptoBriefing
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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