FundBank, the US institutional banking firm founded by former Waystone executives, has made a major investment to acquire the Irish blockchain startup Trrue Chain. The deal is worth €10million ($11million).

The acquisition is the first in a series of strategic moves by FundBank to establish itself as a global leader in the support of digital and crypto assets. The timing of the deal aligns directly with a marked increase in demand among institutional asset allocators and fund managers who are now integrating crypto and digital assets into their portfolios. Furthermore, FundBank noted that the move is supported by the ongoing evolution of US regulatory clarity, pointing to the Genius Act, the Clarity Act, and OCC Notice 186, which…