With a focus on programmability in financial services, Pave Bank aims to provide a secure and regulated platform for businesses to transact in stablecoins, Central Bank Digital Currencies (CBDCs), and tokenized Real World Assets (RWAs). The bank’s leadership compares this level of disruption to how smartphones transformed the phone market.

December 14, 2023, Pave Bank, a programmable bank, has officially launched, aiming to reshape the global financial landscape with a seamless fusion of traditional finance and digital assets. The bank, founded by former executives from BigPay, Monzo, and VP Bank, has secured a digital banking license in Georgia and completed a successful $5.2 million seed funding round led by 468 Capital, with participation from Quona Capital, FT Partners, BR Capital, w3.fund, Daedalus, and angel investors.

Pave Bank

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