Pave Bank raised $39 million in Series A financing, led by Accel with follow-on investments from Tether Investments, Wintermute, and others. Pave Bank is a commercial bank aimed at serving customers with both fiat and digital asset needs. The bank is licensed in Georgia and stated that it will use this funding to "expand regulatory scope, accelerate product development, continue building institutional-grade infrastructure, and expand its customer base in global markets".