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Loans and credit cards collateralized by Bitcoin
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Credit and debit cards generating bitcoin rewards
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Crypto custody and trading services
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Payment and cash-management pipelines enabling seamless movement between fiat and digital assets
The bank is specifically targeting markets considered “underbanked,” especially businesses and sectors in the digital-asset economy that have struggled to find compliant, stable financial channels.
Hunton Andrews Kurth LLP is advising LevelField on the Burling Bank acquisition.
CEO: An “Important Milestone” for Crypto-Integrated Banking
CEO Gene A. Grant II said the Illinois approval marks an essential turning point for a firm seeking to serve both Bitcoin users and high-growth digital-asset industries.
“We’re among the first full-service FDIC-insured banks to receive approval to offer digital asset banking services,” Grant said, adding that LevelField intends to deliver true 24/7 real-time banking, including for historically underserved businesses.
