Binance invested in the first decentralized bank in Malta

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Representatives of Founders Bank declare their intention to obtain a European license for financial transactions, which will allow the new company to become the first decentralized bank on the blockchain.

The largest crypto-exchange Binance invested in the upcoming decentralized bank Founders Bank, which will operate in Malta. According to some reports, Binance invested 5% of the estimated value of the enterprise (155 million US dollars).

CEO Changpeng Exchange Changpeng Zhao commented on this on Twitter:

“Malta is a country where traditional” fiat “finances and finances are found on the blockchain. Much can change in these short three months. “

The activities of Founders Bank will be continuously linked with the blockchain, the new bank plans to introduce distributed registry technology into all its work processes. It is planned to cooperate with the fundraising site Neufund, through which the bank plans to issue its own share tokens for the distribution of legal obligations between investors.

Representatives of Founders Bank declare their intention to obtain a European license for financial transactions, which will allow the new company to become the first decentralized bank on the blockchain. All “token holders” will be considered to be the full-power co-owners of Founders Bank.

Malta once again becomes the jurisdiction chosen for the activities of a large company from the blockchain community, thanks to favorable conditions created for the work of representatives of the crypto community.

“We are proud of the fact that the first bank belonging to the crypto-currency community will appear in Malta,” said Silvio Shembry, secretary of the parliament on digital technologies of the island state.

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