Programmable startup Pave Bank raises $5.2 million in funding

The programmable digital startup Pave Bank has announced the completion of a $5.2 million financing round and has obtained a digital commercial banking license in Georgia. In addition to operating accounts in multiple currencies and global payment connections, Pave Bank also promises to provide a regulated platform for enterprises to trade stablecoins, central bank digital currencies, and tokenized real-world assets. The startup was founded by experienced banking and fintech executives Salim Dhanani (CEO), Simon Vans-Colina (CTO), and Dmitry Bocharov (COO).