FundBank Rebrands to IRACE Digital, Acquires Tenet Bank in Cayman Islands

According to ChainCatcher, FundBank has rebranded to IRACE Digital and acquired Tenet Bank in the Cayman Islands. The transaction consolidates the digital asset banking business and fintech-focused customers into IRACE's existing institutional banking operations. John Cronin, former CEO of Zodia Custody, has been appointed as global CEO. IRACE is expanding into custody, liquidity, and trading infrastructure.
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