Quick Takeaways
- Pave Bank raised $39 million in a Series A round led by Accel, with backing from Tether Investments and others.
- The licensed Georgian bank enables businesses to manage fiat and digital assets in real time.
- Funds will accelerate regulatory expansion, product development, and global client growth.
Tether Joins $39 Million Series A Funding for ‘Programmable’ Pave Bank
Tether Investments has joined a $39 million Series A funding round for Pave Bank, a startup calling itself the world’s first programmable bank designed for the AI and digital asset era.
The round was led by Accel, with additional participation from Wintermute, Quona Capital, Helios Digital Ventures, and others.
Pave Bank’s Vision for Digital Finance
Pave Bank aims to bridge the gap between traditional finance and blockchain-powered systems. The caller says Chopine allows business organisations to grapple with both fiat and digital assets in real time, automate treasury processes, and concentrate reliance on intermediaries.
“The planetary financial system is moving towards regulated on-chain finance, ” says Salim Dhanani, Colorado-founder and CEO of Pave Bank. “Institutions want a trusted bridge between the old and the new. We’ve built a multi-asset bank that merges the prudence of traditional finance with the mechanisation and stop number of digital assets. ”
Scaling Operations and Global Reach
Licensed in Georgia, Pave Bank plans to use the new funding to expand its regulatory footprint and strengthen its infrastructure. The capital will also support product development and institutional client coverage across international markets.
The firm’s “programmable banking” model is designed to give corporate clients smarter tools for asset management and compliance, while supporting AI-driven automation in financial services.
Tether’s Expanding Investment Portfolio
Tether’s involvement spotlights its growing role as an active investor beyond its pith stablecoin business. The society continues to diversify its portfolio, which includes renewable energy, Bitcoin mining, AI, tokenization, and requital infrastructure.
By backing Pave Bank, Tether reinforces its strategy of supporting innovative platforms that merge regulation, blockchain, and financial inclusivity.
“Pave’s full-reserve, programmable approach combines the best of traditional banking and digital assets,” said Ganesh Rengaswamy of Quona Capital. “It could accelerate stablecoin adoption and promote financial inclusion across global markets.”
A New Chapter for On-Chain Banking
As the line between digital and traditional finance continues to blur, Pave Bank’s programmable model may set a new standard for how institutions interact with blockchain technology. With support from Tether and other major investors, the company is positioning itself as a leader in the shift toward regulated on-chain finance, a movement reshaping how money flows in the digital economy.
