The FDIC-Insured Bank
Built for the
Crypto Economy
$1B+
Letters of Intent
FDIC
Insured Deposits
Full-Service
Institutional Banking
"For the first time, digital asset institutions can access the same FDIC-insured banking infrastructure that traditional finance has relied upon for decades — purpose-built to understand crypto natively."
Alec Recinos — Co-Founder & CEO, Obsidian Bank · Co-Founder, DigitalOcean
The collapse of Silvergate and Signature Bank left a $100 billion gap in crypto's banking infrastructure.
When Silvergate and Signature collapsed in 2023, every crypto institution — protocols, DAOs, foundations, funds — suddenly had nowhere to bank. The existing alternatives offer custody or trading rails, but not a genuine bank account. No deposits. No lending. No treasury management. No FDIC insurance.
The result: billions in crypto treasury assets sitting in fragmented, uninsured arrangements — exposed to counterparty risk, regulatory ambiguity, and operational gaps that no serious institution should tolerate.
What Exists Today
Custody-Only Platforms
Hold assets, but cannot deposit, lend, or issue accounts under federal insurance.
Crypto Exchanges
Trading infrastructure — not banking. No FDIC protection, no lending, no treasury services.
Traditional Banks
Reject crypto clients by policy. Compliance teams treat digital assets as reputational risk.
Neo-Banks & Fintechs
Deposit pass-through models with no federal charter and no direct crypto expertise.
One federally chartered institution. Every service your treasury needs. Full FDIC protection.
Obsidian is acquiring a fully regulated, federally chartered bank and building it from the ground up for the digital asset economy — preserving every federal protection while delivering native crypto understanding.
FDIC-Insured Deposits
Every eligible deposit is federally insured. The same protection that safeguards traditional institutions — now available to crypto treasuries and foundations.
Full-Service Lending
Institutional credit facilities, treasury-backed lending, and structured financing — underwritten with an understanding of digital asset collateral.
Treasury Management
Multi-asset treasury operations across fiat and digital assets. Institutional sweep accounts, yield management, and portfolio reporting in one relationship.
Compliance Infrastructure
Built-in BSA/AML and FinCEN compliance that understands on-chain transactions — eliminating the friction that pushes crypto institutions to the periphery.
Designed for those managing serious capital in the digital asset economy.
Crypto Protocol Treasuries
Protocols holding millions in on-chain treasury assets need fiat banking relationships that understand their governance structures, multi-sig arrangements, and reporting obligations.
Protocols with $500M+ in treasury assets
DAOs & Governance Organizations
Decentralized organizations require institutional accounts that accommodate multi-signature authority, transparent governance votes, and the unique legal status of DAO entities.
DAO multi-sig signers and governance committees
Blockchain Foundations
Foundation endowments demand FDIC-protected deposits, institutional lending, and grant-disbursement banking — managed by a team that speaks the language of open-source protocol development.
Foundations managing $100M+ endowments
Ultra-High-Net-Worth Individuals
UHNW crypto holders with $10M+ in digital assets deserve private banking relationships — not retail accounts with deposit limits and compliance teams that flag every on-chain transfer.
UHNW individuals with $10M+ in crypto
$1 Billion+
in Letters of Intent
Before opening our doors, Obsidian has already secured binding letters of intent from crypto treasuries, foundations, and UHNW individuals representing over one billion dollars in prospective deposits — validating the demand for a trusted, FDIC-insured banking partner in the digital asset space.
Active
Protocol Treasuries
Active
DAO Organizations
Active
Foundations
A team that has built institutions at scale.
Obsidian is led by operators who have founded and scaled technology companies serving millions of users globally, combined with bankers and compliance professionals who understand the regulatory complexity of federal charter acquisition and operation.
This is not a team learning banking. This is a team applying proven institution-building experience to a market that has been waiting for exactly this solution.
Alec Recinos
Co-Founder & CEO
Alec co-founded DigitalOcean and scaled it into one of the world's leading cloud infrastructure companies, serving over 600,000 businesses globally before its public market listing. He brings the institutional discipline of scaling regulated infrastructure to Obsidian Bank.
The federal charter isn't a detail. It's the entire foundation.
By acquiring an existing federally chartered institution — rather than applying for a new charter — Obsidian inherits decades of regulatory standing, examiner relationships, and compliance history. The path from inception to operational banking is measured in months, not years.
The result: a bank that crypto clients can rely on with the same confidence they place in the most established financial institutions in the world — because it carries the same federal guarantees.
FDIC Deposit Insurance
Up to applicable limits per depositor
Federal Banking Charter
Fully regulated, examined institution
BSA/AML Infrastructure
Built for on-chain transaction monitoring
FinCEN Registration
Full compliance with federal MSB requirements
Multi-Asset Capabilities
Fiat and digital asset treasury operations
Institutional Lending
Credit facilities and treasury-backed financing
Secure your institution's
position at the vanguard.
Obsidian is currently accepting Letters of Intent from qualified crypto treasuries, DAOs, foundations, and UHNW individuals. Early relationships will receive dedicated banking officers and priority onboarding.
Qualified institutional clients and UHNW individuals only. All inquiries are handled with strict confidentiality.