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After the banking collapse: this is how the global crypto infrastructure is being rebuilt

What happened when Silvergate and Signature collapsed? The industry didn’t disappear, it decentralized. Bloomberg revealed something interesting: a completely new map of banks willing to work with crypto emerged, but it’s much more fragmented and less dependent on the US.

The US shift: from mega-banks to regional banks

Crypto companies now turn to small regional lenders instead of waiting for Wall Street to open its doors. The change is radical:

  • Customers Bancorp (Pennsylvania) operates CBIT, a 24/7 real-time payments platform in US dollars. Clients include stablecoin issuers and institutional investors.

  • Cross River Bank (New Jersey) already has experience serving fintech and has expanded into digital assets.

  • Western Alliance Bank (Arizona) created an entire blockchain and digital assets division.

  • Axos Financial (Las Vegas) opened accounts for companies in the sector, although its more ambitious plans are on hold.

  • FV Bank (Puerto Rico) offers something unique: holding BTC and dollars in the same account, with integrated token conversion.

Asia and Europe took the lead

While the US moves slowly, other markets didn’t wait:

Singapore is the epicenter: DBS Group (the largest bank) launched its own digital platform for digital asset deposits and withdrawals. Standard Chartered offers exclusive services to digital asset providers in Singapore, Hong Kong, and the UAE.

Hong Kong accelerates: ZA Bank (the territory’s largest virtual bank) plans to offer token-to-fiat currency conversion on regulated exchanges.

Switzerland is the private capital: SEBA Bank and Sygnum Bank offer everything from institutional custody to crypto credit cards. No surprise—Switzerland has always been a safe haven for sophisticated money.

Europe experiments: Liechtenstein (Bank Frick), London (BCB Group with its Blinc network for digital asset issuance), and UK (Clear Junction offering virtual accounts and e-wallets) are weaving an alternative network.

The emerging pattern

It’s not chaos, it’s resilience through fragmentation. The new system:

✓ Is less centralized in the US ✓ Relies on regional banks and friendly territories ✓ Integrates Asia as a main hub ✓ Offers multiple entry points (custody, payments, lending, tokenization)

The conclusion: The industry didn’t need JPMorgan or Goldman Sachs. It found its own way with less publicity and more operational efficiency.

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