Cross River Bank raises $50 million to expand AI and cryptocurrency businesses

2026-03-31 11:47:56

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Golden Finance reports that the U.S. licensed bank Cross River Bank has completed a round of $50 million in financing. The funds were sourced from a fund under T. Rowe Price, and the raised capital will be used to further expand its artificial intelligence and cryptocurrency business. After this financing round was completed, Cross River Bank’s valuation is slightly above $300 million. According to people familiar with the matter, the specific valuation was not disclosed. This financing round was participated in by existing investors and did not bring in new shareholders. Cross River Bank is primarily positioned to serve financial technology companies.

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