Question 1

What happened to Signature Bank's crypto banking division?

Accepted Answer

Signature Bank was closed by regulators in March 2023, shortly after Silvergate Bank also wound down. Both failures created a significant gap in US crypto banking infrastructure, particularly for real-time USD payment rails that crypto businesses relied on (Silvergate's SEN and Signature's Signet networks). The closures led to a consolidation of US crypto banking around Customers Bank and a handful of smaller regional institutions willing to serve the sector.

Question 2

What is the best US banking option for institutional crypto companies now?

Accepted Answer

Customers Bank has emerged as the primary US banking infrastructure for institutional crypto businesses post-2023, offering the CBIT real-time payment network — 24/7 USD transfers between institutional crypto clients. For companies needing to move large USD amounts around the clock without weekend settlement delays (a critical operational requirement for crypto exchanges and OTC desks), CBIT is the most direct successor to Silvergate's SEN.

Question 3

What account minimums does SEBA Bank require?

Accepted Answer

SEBA Bank applies institutional account minimums that are not publicly standardised — specific requirements should be confirmed directly with the bank. For wealth management clients, a minimum of CHF 500,000+ is typical. Corporate accounts for Web3 companies have separate requirements based on operational profile and expected transaction volumes. SEBA is oriented toward institutional and HNW clients rather than early-stage startups.

Question 4

What crypto assets does SEBA Bank support?

Accepted Answer

SEBA Bank supports major cryptocurrencies including Bitcoin, Ethereum, and a range of additional digital assets for custody and trading. The specific asset list reflects FINMA's regulatory framework and evolves over time. Staking services are also offered for supported proof-of-stake assets — providing yield-generating custody rather than purely passive holding.

Question 5

What is Xapo Bank's minimum balance requirement?

Accepted Answer

Xapo Bank applies private banking tiers with minimum requirements that should be confirmed directly with the bank — the institution serves Bitcoin-wealthy individuals and is oriented toward clients with meaningful digital asset holdings. Specific minimum balance thresholds are not publicly standardised; prospective clients should contact Xapo directly via xapobank.com to understand eligibility requirements.

Question 6

What crypto assets does Xapo Bank support?

Accepted Answer

Xapo Bank is focused primarily on Bitcoin — its core proposition is Bitcoin private banking and institutional-grade Bitcoin custody. USD accounts are offered alongside Bitcoin, and stablecoin holdings can earn USD yield. Xapo's positioning is deliberately Bitcoin-first rather than broadly multi-asset, making it the right choice for Bitcoin-wealthy individuals rather than diversified crypto portfolio holders.

Question 7

What is the CBIT network and how does it work for crypto businesses?

Accepted Answer

CBIT is Customers Bank's real-time USD payment rail for institutional crypto clients, operating 24/7 including weekends and holidays. Approved CBIT participants — exchanges, OTC desks, and crypto funds — can transfer USD between each other instantly at any hour. This continuous settlement capability is critical for crypto businesses that operate around the clock and need USD liquidity management without being constrained by traditional banking hours.

Question 8

What types of crypto businesses does Customers Bank work with?

Accepted Answer

Customers Bank's digital asset banking is focused on institutional crypto businesses: crypto exchanges, OTC trading desks, crypto funds, stablecoin issuers, and institutional digital asset companies. The bank does not serve retail crypto users or early-stage startups — it is specifically designed for businesses with meaningful institutional USD transaction volumes that require dedicated payment infrastructure.

Question 9

Is Bank Frick suitable for European Web3 companies?

Accepted Answer

Yes — Bank Frick is specifically designed for European blockchain businesses, offering crypto trading and custody, token issuance support, blockchain-based payments, and traditional business banking under Liechtenstein's Blockchain Act — one of the world's most progressive and comprehensive blockchain regulatory frameworks. For European Web3 companies struggling to find banking partners, Bank Frick's genuine expertise in blockchain business models makes it a significantly better fit than traditional banks.

Question 10

What crypto assets does Bank Frick support?

Accepted Answer

Bank Frick supports direct trading and custody of major cryptocurrencies including Bitcoin, Ethereum, and selected altcoins under its banking licence. The specific asset list evolves with the regulatory framework and client demand — the bank's website lists currently supported assets. For specialised token holdings, direct consultation with the bank's crypto asset team is advisable.

Banking & Financial Services

Signature Bank (Digital Asset Division) — Note: now operated via FDIC receivership

SEBA Bank

Xapo Bank

Customers Bank — Digital Asset Banking

Bank Frick

Frequently Asked Questions — Banking & Financial Services

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