BankWyse (Accelerator)

Funding Details
Awarder
PlugAndPlayTechCenter
Date Award
May 15, 2024
Funding URL
View Funding Page

Company Info
Company Description
There is significant and growing global adoption of blockchain technology and the tokenization of real assets as the foundation for economic growth through efficiency and transparency. However, the infrastructure needed to help ensure the safe and secure transfer and storage of these digital assets is deficient, prohibiting enterprise participation in the digital asset economy. Specifically, there is tremendous demand and limited access to Qualified Custody of digital assets and commercial banking services. BankWyse seamlessly integrates Qualified Custody of digital assets with a modern commercial banking platform enabling seamless and safe operations across digital assets and fiat currencies. BankWyse holds a Wyoming State Bank Charter as a Special Purpose Depository Institution, purpose-built to meet this immense demand safely and compliantly. As a custody bank, BankWyse: safeguards both fiat and digital assets offers operating accounts facilitating payments always holds deposits fully available for customers without fractionalizing them provides Qualified Custody meeting Wyoming statutory and SEC requirements integrates Qualified Custody with fiat deposit and payment services is the safe, integrated on/off ramp between fiat and digital assets

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