Welcome to FirstCryptoBank, provider of leased bank instruments for the cryptocurrency ecosystem.
Our service is available worldwide to members who need to lease a bank instrument to show proof-of-funds in large digital currency transactions.
The bank instrument we provide is a MT760 Block Funds instrument that is issued to a beneficiaries bank account in amount of the instruments face value. The beneficiary can then request a bank statement from there bank evidencing the funds for a transaction.
Brokers/Intermediaries can use the bank instrument to show proof-of-funds to a seller that the buyer has a capacity to complete the transaction. In this scenario, the instrument is issued with the Broker/Intermediarie as the beneficiary.
The instrument can also be used by Brokers/Intermediaries to provide security for the seller, so coins can be put into escrow without risk and proof-of-coin can be shown to the buyer. In this scenario, the coin holder is the beneficiary.
We currently have instruments with the face value of 1M USD, 10M USD, 25M USD and 100M USD.
Register and enroll into our proof-of-funds program to become eligible to lease one of our instruments.
• No Credit Report / Credit Scores.
• No Business Plan / Executive Summary.
• No ‘jumping through hoops’.