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Commercium Financial Approved to Become The Fourth Chartered Crypto Bank In Wyoming
Summary: According to Coindesk, Cheyenne-based Commercium Financial has obtained a special purpose depository institution (SPDI) banking charter from Wyoming, USA to handle digital assets. The bank is the fourth crypto bank after Kraken, Avanti Financial, and Wyoming Deposit and Transfer, but so far, none of the applicants has obtained the operating authorization certificate, which means that ...
According to Coindesk, Cheyenne-based Commercium Financial has obtained a special purpose depository institution (SPDI) banking charter from Wyoming, USA to handle digital assets.
The bank is the fourth crypto bank after Kraken, Avanti Financial, and Wyoming Deposit and Transfer, but so far, none of the applicants has obtained the operating authorization certificate, which means that they have not yet opened.
The Wyoming Department of Banking confirmed in an email that Commercium Financial has nothing to do with the proof-of-work cryptocurrency Commercium (CMM).
Commercium Financial CEO Jonathan Dever said: "This Charter allows us to deploy a unique set of technology solutions that connect traditional banking systems to tokenized assets and securities......Commercium’s mission is to create a fully digital and automated financial institution that offers a blend of traditional banking and new to the market digitization and asset tokenization products. Regulatory compliance is at the heart of what we do."
By Mary Liu
Tags: Commercium Financial,Wyoming
Link: Commercium Financial Approved to Become The Fourth Chartered Crypto Bank In Wyoming [Copy]
