Singapore-based digital financial institution Pave Bank has successfully closed a $39 million Series A funding round co-led by venture capital firm Accel and digital asset company Tether. The substantial investment will accelerate the bank’s expansion of integrated cryptocurrency and fiat currency services tailored for institutional clients worldwide.
The capital infusion comes amid increasing institutional demand for programmable financial infrastructure that enables automated treasury management and real-time settlement capabilities. Pave Bank’s proprietary platform allows corporate clients to seamlessly manage both traditional and digital assets through unified application programming interfaces, providing unprecedented flexibility in capital allocation and payment operations.
Founded by financial technology veterans, the institution holds a full banking license from Singapore’s regulatory authorities, positioning it to serve global enterprises seeking sophisticated digital asset management solutions. The funding will support technological enhancements, regulatory compliance expansion across key jurisdictions, and the development of new programmable financial products.
Accel’s participation underscores growing venture capital confidence in blockchain-enabled banking infrastructure, while Tether’s strategic involvement signals deepening integration between traditional finance and digital asset ecosystems. Industry analysts note this investment reflects broader trends of institutional adoption driving innovation in financial services technology.
