FIAT REPUBLIC
Bridging banking & crypto
BANKS AND CRYPTO DON’T GET ALONG...
Crypto platforms need access to banking to facilitate on / off ramps, but...
  • Crypto doesn’t have a voice in the banking world, not aided by the fact that the crypto leadership is inherently decentralized. This results in lack of bargaining power with banks.

  • Lack of understanding and fear of crypto business models by banks often means hefty risk premiums (if crypto platform is onboarded) or outright refusal of onboarding.

  • Crypto platforms are confused and intimidated by the geopolitically diverse AML regimes and compliance frameworks in UK & Europe and beyond.

  • Even if crypto platforms get access to banking they often need to integrate to multiple banking partners to get full coverage for their needs, and are in constant fear of being ‘de-risked’ by their banking partners.

Average number of banking providers crypto platforms need to integrate to to support their growth:

Average risk premium of banking providers if they onboard a crypto business: 0.5% per transaction

Average onboarding time of crypto platforms by a banking provider: 8 months

Sounds familiar?
WE’RE BUILDING THE BRIDGE
1
HIGHLY SECURE AND SCALABLE BANKING PLATFORM
  • Banking-as-a-Service API linking multiple crypto-friendly banks
  • Access to domestic virtual accounts and clearing schemes for real-time payments
  • Solving crypto-specific problems like reconciling fiat deposits and automating withdrawals
2
COMPLIANCE FIRST
  • Robust compliance & onboarding framework audited by one of the ‘Big Four’ 
  • Cutting edge tech designed with AML at the core, and enhanced by machine learning 
  • Foundational for securing relationships with tier 1 banks and regulators
3
CRYPTO CONSORTIUM
  • Consortium of crypto platforms to influence the banking community
  • Working hand in hand with regulators for the benefit of the crypto industry
  • Uniform and transparent membership criteria keeping out bad actors

Interested?

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