Pave Bank has completed a US$39 million Series A financing round. This round of financing was led by Accel, with participation from Wintermute, Tether Investments, Quona Capital, Helios Digital Ventures and other institutions. Pave Bank calls itself "the world's first programmable bank built for the digital asset and AI era" and holds a Georgia banking license. The bank is designed for customers who need both fiat currency and digital asset services, enabling real-time management of fiat currency and digital assets, automating fund management operations and reducing dependence on intermediaries. Co-founder and CEO Salim Dhanani said that the global financial system is shifting towards regulated on-chain finance, and institutions need a trusted bridge connecting traditional finance and emerging finance. Pave Bank will use this round of funds to expand regulatory coverage, accelerate product development, build institutional-grade infrastructure and expand global market customer coverage. (The Block)