Cryptocurrency-focused bank gets $10M from backers including Binance and Polychain Capit…

The Malta-based cryptocurrency-focused Founders Bank has raised $10 million from leading investors including Binance and Polychain Capital and plans to open next year.

The bank, co-founded by Paula Pandolfino, also received backing from Carduus Asset Management, CoinDesk reports.

It’s not known how much each investor contributed to the round, but Pandolfino confirmed the bank would be looking to raise an additional $30 million in the future.

“Crypto [sic] will take over the world, and we need full banking services,” Pandolfino told the publication.

“We want to be that pillar of banking for the ecosystem to support how it gets done. If anything, [we’re learning] how to wean off traditional banking and getting crypto to be that platform,” she added.

The bank, which is still awaiting its European Union banking license, originally planned to raise funds with equity tokens, but this course of action was quickly…