FundBank announced it has made a significant investment in blockchain fintech company Trrue as part of its broader strategy to expand banking and custody services for digital assets. The investment supports FundBank’s efforts to address growing institutional demand for secure fiat banking infrastructure tied to cryptocurrency and blockchain-based assets.
Trrue, a Layer-1 blockchain platform founded in 2021, develops infrastructure designed to support digital asset activity for both institutions and individuals. The company focuses on building compliant blockchain-based systems that enable tokenization and financial operations in regulated industries. Through this investment, FundBank is aligning with Trrue’s efforts to build institutional-grade infrastructure capable of supporting large-scale capital flows in the digital asset ecosystem.
FundBank said the partnership reflects its commitment to supporting the increasing presence of digital assets in institutional portfolios. The company aims to combine traditional banking services with blockchain infrastructure to provide integrated fiat banking and custody capabilities for funds and asset managers operating in the digital asset space.
The companies also pointed to regulatory developments in Europe that are shaping the digital asset landscape. As certain virtual asset service providers transition to Crypto-Asset Service Provider (CASP) frameworks in other jurisdictions, market participants see opportunities emerging for Ireland to strengthen its role as a hub for institutional digital asset services.
Trrue’s infrastructure is designed to help organizations comply with global regulatory requirements while enabling tokenization projects tied to sustainable and socially driven initiatives. The company says its platform connects responsible investors with impact-focused projects, aiming to generate financial returns alongside measurable societal benefits.
FundBank provides banking solutions tailored to the global asset management industry. Its platform supports fund administrators, investment managers, and institutional investors with services focused on safety, liquidity, and speed, allowing clients to manage funds and operational banking activities more efficiently.
KEY QUOTES
“ComOp has been a long-time admirer of the innovative approach to governance through blockchain developed by Trrue and this coupled with a VASP and, subject to approval, CASP license, makes it a very unique asset. Ireland has seen a number of the institutional VASPs choose to convert to CASPs in other jurisdictions and this has left a gap in the market that will become apparent as CASPs mainstream the institutional holding of crypto and digital assets in funds. When one looks at the product offering of FundBank in Ireland allied to these crypto capabilities, Ireland is now able to provide the Fiat + Custody solution that is a competitive advantage for Ireland as a leading funds domicile. We view this as being as transformative as AIFMD was for the creation of institutional management companies. Again, we believe we can be the earliest adopters of institutional Fiat + Custody and, in time, will round this out to Fiat + Custody + Trading.”
Derek Delaney, Senior Executive At FundBank And Founder Of ComOp
“Since founding Trrue in 2021, our focus has been on rebuilding the core architecture of finance. The systems the global economy relies on simply weren’t designed for the speed and demands of today. This investment is an important milestone and a meaningful affirmation of our strategy. Our conviction has always been that this technology will fundamentally reshape the infrastructure of financial markets. With this partnership, we are accelerating the build-out of infrastructure that enables institutional capital to move instantly and securely. Becoming part of the FundBank Group accelerates our evolution as an institutional platform and strengthens our ability to scale with the governance and rigor the market demands.”
Owen O Driscoll, CEO Of Trrue Blockchain Technology
