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Avanti Financial Raises $37M in Series A Funding Round for Launching Institutional Crypto Bank

Avanti Financial Group seeks to become the second crypto company after Kraken Financial to acquire a full banking charter in the United States.Avanti Financial Group, a digital asset bank, announced on Thursday that it has completed its Series A funding round with $37 million, bringing its total raised capital since

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Avanti Financial Joins Kraken as a Wyoming-Approved Crypto Bank

Blockchain pioneer Caitlin Long is now the CEO of her own special purpose depository institution (SPDI) in Wyoming. Avanti Financial’s banking charter was approved unanimously by the Wyoming State Banking Board on Wednesday, becoming the second newly chartered bank in the state in 2020 after Kraken Financial earned approval last month.Avanti,

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Avanti Announces ‘Cash-Equivalent Stablecoin Disruptor’

Avanti Bank & Trust, Wyoming-based pioneering financial institution planning to offer services to the crypto industry, has announced plans for a ‘stablecoin disruptor’ that’s designed to modernize U.S. dollar payments.In a July 23 announcement, Avanti said that the payment instrument, dubbed ‘Avit,’ is not a security and predicted it “will

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