US-based fintech Telcoin has met the capital requirements to launch what it describes as “the first regulated blockchain bank in the United States”, following a $25 million pre-Series A investment supported by Archimed, and Otter and Company Capital Holdings, among other undisclosed investors.
Telcoin was founded in 2017 by CEO Paul Neuner with an initial remit to connect mobile network operators with blockchain technology for international remittances, but has more recently shifted its focus to building out a fully-fledged suite of digital asset-based banking services.
The company received conditional approval from the Nebraska State Department of Banking and Finance for a Digital Asset Depository Institution charter in February 2025, confirming in its latest announcement that Telcoin Digital Asset Bank is set to open “later this year”.
The regulated banking charter allows Telcoin to hold customer deposits, issue FDIC-equivalent protections through Nebraska’s regulatory framework, and offer services that unregulated crypto companies cannot provide, such as traditional wire services alongside blockchain-based transactions.
In addition to its bank venture, Telcoin will use the funds from its ongoing pre-Series A to develop and launch its eXYZ Digital Cash system, including eUSD and other multi-currency stablecoins, which it says will “unlock the mainstream usability of crypto technology for everyday use in payments and banking in a way that non-bank stablecoins cannot”.
“With our first-of-its-kind bank and stablecoin, we’re providing real access to bridge the gaps between traditional banking and decentralised finance,” comments Neuner. “Unlike the offshore or non-bank alternatives in the market today, eUSD will give people a regulated, trustworthy way to use digital dollars at scale.”
Source: https://www.fintechfutures.com/
