FundBank renames to IRACE Digital and acquires Tenet Bank
Odaily reports that FundBank has been renamed IRACE Digital and has acquired Cayman Islands-based Tenet Bank. The exact acquisition amount has not been disclosed. This transaction integrates digital asset banking business and fintech-oriented clients into IRACE's existing institutional banking business. Former exchange CEO John Cronin has been appointed as global CEO, and IRACE is expanding into custody, liquidity, and trading infrastructure sectors. (CoinDesk)
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