Overview of Transaction

• On October 23, 2025, Pave Bank announced an investment of $39 million led by Accel Partners with participation from Tether Investments, Quona Capital, Wintermute, Helios Digital Ventures, Yolo Investments, Kazea Fund, and GC&H Investments
• Founded in March 2023, Pave Bank is a fully licensed, programmable bank for the digital asset economy, offering a single platform that unifies commercial banking services — deposit accounts, broad payment coverage, deep FX liquidity, payment card issuance and treasury management — with institutional-grade digital asset management, an instant settlement network, and an OTC trading desk, all under one regulatory framework, compliance standard and interface

Significance of Transaction

• This round brings the Company’s total funding to more than $44 million and positions Pave to expand its regulatory footprint, accelerate product development, continue to build institutional grade infrastructure and scale its client coverage across global markets
• The investment reflects growing institutional demand for a new kind of financial institution that can manage regulated digital assets, from stablecoins to bitcoin, alongside what is expected from a commercial bank, provide instant settlement and programmable flows, and have prudential oversight

FT Partners' Role

• FT Partners served as Pave Bank’s exclusive financial and strategic advisor on this transaction, supporting the Company through a strategic and highly selective raise
• FT Partners also previously served as the strategic and financial advisor to Pave Bank on its $5.2 million seed financing
• This transaction highlights FT Partners’ deep domain expertise in the banking and digital assets space, as well as its successful track record generating highly favorable outcomes for its clients