The future of finance is shifting on-chain. As that shift accelerates, the world’s financial system is being rebuilt around tokenisation, the programmability of money and assets, along with a focus on regulation, risk and compliance. Pave Bank, a fully licensed commercial bank built for this new financial architecture, today announced it has raised over $39 million in funding led by Accel, with participation from Tether Investments, Quona Capital, Wintermute, Helios Digital Ventures, Financial Technology Partners, Yolo Investments, Kazea Fund, and GC&H Investments. The round brings the company’s total funding to more than $44 million and positions Pave Bank to expand its regulatory footprint, accelerate product development, continue to build institutional grade infrastructure and scale its client coverage across global markets.
Pave Bank was founded on two core ideas: that the future of money is programmable, and that businesses need a regulated, bank-grade counterparty capable of operating seamlessly across both traditional and digital asset rails. Today, the company offers a single platform that unifies commercial banking services – deposit accounts, broad payment coverage, deep FX liquidity, payment card issuance and corporate treasury management – with institutional-grade digital asset management, an instant settlement network and an OTC trading desk. Instead of managing multiple providers for fiat banking, custody, and liquidity, clients can operate across both systems under one regulatory framework, one compliance standard, and one interface.
Businesses using Pave Bank can manage both fiat and digital assets in real time, automate treasury operations, and reduce reliance on intermediaries. An exchange or market maker can manage both digital assets, fiat and fixed income treasury products in one place, and at the same time, deal with their counterparties using the Pave Network – enhancing operational liquidity and mitigating operational risk. Corporates exploring using stablecoins in their operations can unify digital assets and fiat corporate treasuries with regulatory clarity and in a secure manner – improving speed, control, and cost efficiency.
Since launching, Pave Bank has focused on building a sustainable, technology-driven operating model rather than chasing top-line growth. The company achieved profitability in seven of its first nine months of operation – a rare milestone for a newly licensed bank – by leveraging automation and AI across software engineering, compliance, operations, and treasury functions. With a team of just over fifty people, the bank expects to continue to scale intelligently while maintaining profitability along with a core focus on risk and compliance.
The financing reflects growing institutional demand for a new kind of financial institution – one that can manage regulated digital assets, from stablecoins to bitcoin, alongside everything that is expected from a commercial bank, provide instant settlement and programmable flows, and have prudential oversight. Pave Bank has been building within regulatory frameworks for digital assets from day one, and as these regulations mature and harmonize, Pave Bank is working directly with regulators to ensure compliance and interoperability across jurisdictions.
Looking ahead, Pave Bank plans to expand its licensing coverage, deepen its programmable treasury and institutional financial products, and integrate with major financial and digital asset ecosystems. The long-term vision is to become the trusted corporate and institutional global financial institution -the place where the traditional and digital economies finally operate as one.
Consumers Expose Passwords in Password Manager/VPN Exchanges New Study Shows
Posted in Commentary with tags Security on October 23, 2025 by itnerdResearchers with Ontario Tech University, PureSquare, and CQR Cybersecurity have published a new study warning that consumers and businesses that use separate VPNs and password managers are susceptible to concurrent multi-vector attacks that put their data at risk.
The use of disparate password managers and VPNs from different vendors (security tool fragmentation) creates a previously unknown security gap. Threat actors exploit this gap and consumer ‘alert fatigue’ to steal credentials.
The measured cost of security tools fragmentation:
Ironically, this results in people spend hundreds of dollars and dozens of hours every year managing overlapping, non-integrated security tools, but are actually spending more and working harder to be less secure.
The “alert fatigue” blind spot that stems from notification flood cycles became especially visible during the 2025 Google breach affecting 2.5 billion Gmail accounts. The breach drove individuals to flood forums and search engines with urgent “what to do” queries while scrambling across multiple apps.
One App, Complete Protection
Leading from this research, PureVPN has unified VPN, Password Manager, Dark Web Monitoring, Tracker & Ad Blocker, and Data Removal into a single unified platform. Instead of multiple apps competing for the consumer’s attention, users receive one alert stream, one workflow, and one place to act.
Notifications are consolidated and prioritized to reduce false alarms, while the new bottom navigation keeps breach-response tools easily accessible under stress.
You can read the study here.
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