Inside Pave Bank’s Programmable Money Model: Who It Really Serves
Pave Bank, a Singapore-headquartered digital commercial bank, closed a $39 million Series A funding round led by Accel and Tether Investments. While the announcement drew much attention, what’s most peculiar is the bank’s unusual proposition: a fully licensed institution offering programmable money. The partnership intends to create a platform that allows institutional clients to automate…
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