Caitlin Long's crypto bank raises $5M led by the University of Wyoming

posted about 1 month ago
Avanti Financial Group, crypto advocate Caitlin Long's latest initiative to bank digital asset companies, has closed a $5 million angel round. The funding round was led by the University of Wyoming Foundation with participation from Morgan Creek Digital, Blockchain Capital, Digital Currency Group, and others.

"...Avanti can simplify and streamline the process for donors making it easier to raise even more money to support UW's blockchain efforts," the University of Wyoming Foundation's chief investment officer Philip Treick said. The Wyoming-based bank is still in the process of applying for a bank charter, and it submitted the first draft of its application last week.
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