FundBank becomes IRACE Digital in bid to bridge traditional finance and crypto
The institutional banking provider is expanding into digital asset custody, liquidity and execution services as former Zodia Custody CEO John Cronin takes the helm.
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Summary
- FundBank has rebranded as IRACE Digital and acquired Cayman Islands-based Tenet Bank.
- The deal adds digital asset banking and fintech-focused clients to IRACE’s existing institutional banking business
- Former Zodia Custody CEO John Cronin has been appointed global CEO as the firm expands into custody, liquidity and trading infrastructure.
