A revolutionary digital commercial bank, BankWyse combines the stability and security of traditional banking with the innovation and potential of cryptocurrencies and digital assets. We are purpose-built for today’s global digital economy and are dedicated to being your preferred partner for fully regulated, secure, and integrated digital-asset Qualified Custody and fiat Commercial Banking services.
They need Qualified Custody for digital assets that meets regulatory requirements, addresses operational complexities, and connects fiat to the new global digital economy.
Our infrastructure enables secure, compliant, and seamless transactions and storage of fiat and digital assets, including cryptocurrencies, stablecoins, and investment securities.
BankWyse operates under the first special purpose depository institution (SPDI) legal and regulatory framework in the United States. This framework provides a regulatory-compliant platform that enables us to offer a full suite of financial services for U.S. dollars and digital assets with enhanced regulatory clarity to minimize transactional risk.
As a SPDI, we are a fully-reserved bank authorized to
We are uniquely positioned to provide the highest level of
We operate under Wyoming laws, the first and only legal framework in the U.S. that clearly defines digital asset custody standards based on SEC and CFTC principles to ensure perfection and control of security interests in digital assets.
→ Legal title to a digital asset remains with the customer, not their custodian.
→ Assets are legally segregated from the other assets of the institution.
→ Legally segregated assets are protected by Wyoming statute in bankruptcy proceedings.
As a fully reserved bank, our clients can rest assured that their assets are protected because SPDIs are prohibited from making loans with customer deposits in fiat currency.
→ Our customer deposits of fiat currency must AT ALL TIMES be backed 100% or more by unencumbered liquid assets, including U.S. currency and level 1 high-quality liquid assets.
→ Given this, we are not required to obtain Federal Deposit Insurance Corporation insurance and are not FDIC Insured.
→ Customer's digital assets are segregated, never commingled, and always fully secured utilizing HSM vaults and MPC wallets.
Our adherence to strict regulation is tested and overseen by banking regulators and independent auditors with expertise in digital asset compliance and security.
→ This comprehensive regulatory framework ensures compliance with banking laws, including KYC and AML/BSA, and the robust digital asset custody framework under Wyoming's digital asset laws.
→ Our robust controls, derived from our wealth of banking and bank regulatory experience and proven ability to identify and mitigate risk, will safeguard your assets and ensure proper governance, oversight, compliance, and reporting.
We seamlessly integrate fiat and digital asset banking, transactions, and Qualified Custody with our bank-grade, multi-asset platform, broadly accepting digital assets, cryptocurrencies, and fiat currencies.
→ This unified approach offers increased protection for clients by shrinking the number of counterparty and intermediary risks, while also removing the potential of losing cryptocurrencies due to a host of pitfalls that can occur with self-custody.
→ We can integrate with client-native systems enabling detailed real-time transaction, balance, and tax data to support proper fiduciary reporting, auditing, and attestation.
Message from our CEO
“As a former U.S. Treasury Department OCC National Bank Examiner, a senior leader in financial services, and an independent board director and advisor for public, private, and non-profit organizations, one of my strengths is understanding complex risks in global environments and building programs to manage those risks and capitalize on market opportunities effectively.
I see the benefits of blockchain technology and believe it will transform financial services. I also understand the importance of robust risk management and compliance programs and the need for regulatory oversight, so I co-founded BankWyse. I want to ensure institutions have compliant infrastructure to enable their safe participation as this revolutionary technology modernizes our global economy. I lead an organization with deep experience in banking, bank regulation, blockchain technology, digital-asset custody, tokenization, and capital markets to create secure, compliant, and efficient products and services that meet the global demand for digital finance. Let’s discuss how we can work together to evolve our industry!”
Julie Fellows
Co-Founder, Board Chair, CEO
Message from our CTO
“Many crypto companies face challenges accessing the U.S. dollar banking system. Even ‘Crypto-friendly’ banks are at capacity and will often cap deposits to ‘limit their exposure.’
In speaking with counterparts, this problem is far more widespread and pervasive than most realize. Some of our strategic partners have reported that hundreds of their commercial customers are actively looking for better banking solutions.
BankWyse will fill this gap because we are purpose-built with Web3 technology and regulatory infrastructure to seamlessly integrate fiat and digital asset banking, transactions, and Qualified Custody. Our multi-asset platform will enable Web2 and Web3 participants to unlock trillions of value in new market growth by providing the critical infrastructure needed to access the exploding global digital economy.”
Justin Culver
Co-Founder, Board Chair, CTO
We Protect Your Assets and Enable Seamless Access!
Not FDIC Insured. Deposits in USD or fiat held by BankWyse are not required to be insured by the FDIC. BankWyse is a Special Purpose Depository Institution (SPDI) with regulatory requirements to ensure the safety and soundness of the institution. Therefore fiat deposits are not required to be insured by the FDIC. Deposits held by BankWyse will not be fractionalized and loaned out to other customers, and are therefore safely held in the bank. Wyo. Stat. § 13-12-108
Julie Fellows is a successful senior executive and financial services leader with a proven ability to drive enterprise-level growth while skillfully managing risk. Her experience as a former federal regulator makes her uniquely qualified to lead BankWyse as we help companies realize the promise of a seamlessly integrated financial environment. A few of Julie’s notable accomplishments include:
Julie holds a Bachelor of Science degree in business administration from the University of Colorado and a Certificate in Cyber-Security Risk Management from Harvard University