Central Bank
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Infrastructure
Institutional
The Block
September 10, 2021, 2:43PM EDT
• 8 min read

Avanti Company Intelligence

Greg Lim

Quick Take

  • 100% institutional focused depository institution eligible to become a U.S. dollar clearing bank
  • Acquired the Wyoming Special Purpose Depository Institute (SPDI) charter in Oct-20
  • Raised a $37mm Series A in Mar-21 for a cumulative funding of $43mm following 2020 launch
  • Recently applied to become a Federal Reserve member bank in Aug-21

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