The first US Digital Bank to tokenize real world assets
Commercium Financial, Inc is pleased to announce it was granted a new Bank Charter on August 9, 2021 by the Wyoming Division of Banking as a Special Purpose Depository Institution (“SPDI”). This charter gives Commercium the unique ability to bridge the gap between the digital financial world and the traditional banking systems. Commercium Financial is the fourth SPDI to receive approval.
“This Charter allows us to deploy a unique set of technology solutions that connect traditional banking systems to tokenized assets and securities,” said Jonathan Dever, Chief Executive Officer of Commercium Financial Inc. “Commercium’s mission is to create a fully digital and automated financial institution that offers a blend of traditional banking and new to the market digitization and asset tokenization products. Regulatory compliance is at the heart of what we do.”
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“The core of our ecosystem ensures compliance while allowing financial institutions to transact business in the new digital space,” said Lou Terhar, Chairman of the Board of Directors. “Commercium’s blockchain-based ecosystem attaches reporting mechanics to the asset, ensuring transparency for decision-making and regulatory compliance. That empowers us to tailor and design unique products to a range of customers in the B2B space.”
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Commercium Financial is built with regulatory compliance at the forefront and will comply with all applicable KYC, Bank Secrecy Act, anti-money laundering laws, and regulations. Together, this allows Commercium to be the first regulatory compliant institution in the United States focused on the tokenization of real-world assets and securities.
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