TLDR Tech / Crypto
Building a Crypto Neobank
Most crypto neobanks fail a basic primacy test: without ACH transfers and bill pay, users must retain a legacy bank account for rent, utilities, and recurring bills, reducing stablecoin cards to a secondary spending layer rather than a bank replacement. After five months and dozens of rejected pitches, Brookwell secured banking partners by reframing stablecoins as a "compliant payment rail with full observability," integrating Seismic (an L1 built for onchain compliance and privacy) to address bank compliance concerns, and restructuring the economics so banks earn on deposits rather than on-ramp markups. The product pairs a traditional deposit account with non-custodial stablecoin savings, onchain yield, ACH and bill pay, and a spending card, targeting crypto-native users (onchain traders, stablecoin earners, and high-net-worth holders) who currently maintain a separate Chase-style account for core financial operations.
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