PANews reported on October 23 that according to The Block, Pave Bank, a programmable bank built for the era of digital assets and artificial intelligence, completed a US$39 million Series A financing round led by Accel, with participation from Tether Investments, Wintermute, Quona Capital, Helios Digital Ventures and others.

Pave Bank describes itself as a commercial bank designed to serve clients with dual fiat and digital asset needs. The Georgia-based bank said it will use the funds to “expand its regulatory footprint, accelerate product development, continue building its institutional-grade infrastructure, and broaden its client reach across global markets.”