FundBank Group has officially rebranded as IRACE Digital, completing a transformation that repositions the institutional bank as a hybrid operator spanning traditional finance and crypto markets. The move is designed to serve asset managers, hedge funds, and institutional clients who increasingly need banking infrastructure that works across both fiat and blockchain-based systems.
What IRACE Digital is actually building
The company secured a license from the Office of the Comptroller of the Currency in the US in 2024, giving it a federally recognized banking charter. That same year, it launched US operations with a specific focus on digital asset services.
In February 2026, IRACE Digital received authorization for an Irish branch, expanding its European footprint. A month later, in March 2026, the firm announced an investment of approximately €10 million in Trrue, an Irish blockchain company, to strengthen its digital asset capabilities.
The company has also forged technology partnerships that signal serious infrastructure ambitions. Temenos, a well-known provider of core banking SaaS solutions, is serving as a key technology partner. A collaboration with Komainu for fiat on/off-ramping was announced in March 2026, addressing one of the most persistent pain points for institutional crypto participants: moving money between traditional bank accounts and digital asset platforms without friction.
