MERCO Bank raises $100 million USD to build a Sustainable Business and Investment Avenue.
MERCO Bank has successfully raised $100 million to pioneer its vision to build a digital bank, bridging the gap between the digital, crypto and traditional financial economies. MERCO Bank wants to give institutions, corporates and individuals the confidence to operate in diversified economies, enabling new thinking, creating solutions and managing digital wealth efficiently.
Traditional financial market participants widely exclude themselves from crypto markets, because crypto investments are perceived as risky and lacking investment specific advisory protection. Similarly, crypto companies and investors are finding it difficult to move assets from the crypto markets into the traditional regulated banking world. MERCO Bank is designed to solve these challenges, bringing together a world class team of financial experts focused on developing a new platform, leveraging state-of-the-art FinTech and best-in-class service partners to deliver military-grade secure traditional and crypto banking experiences.
The $100 million fund came from a mix of traditional and international institutional and private investors, demonstrating support for MERCO Banks vision to redefine finance for the new economy.
MERCO Bank aims to bring crypto and blockchain products and services to the market by providing an easy-to-use and fully secured and efficient one-stop banking solution, offering products and services for private individuals and institutional investors, as well as corporate investors. Following the ever dynamic design, MERCO Bank will combine an online and a retail bricks and mortar experience, to cater to all possible user requirements for crypto and traditional banking services.