Otter & Co. Capital Holdings, alongside a group of investors, has invested in Telcoin, which aims to launch the first regulated blockchain bank in the U.S. in Nebraska, marking a significant milestone in the digital finance sector.

Target Information

Telcoin is a pioneering fintech company based in the United States that is at the forefront of merging blockchain technology with financial services. Recently, Telcoin announced plans to establish the first regulated blockchain bank in the U.S., located in Nebraska. This bank will issue the eUSD, the first state-sanctioned stablecoin, demonstrating Telcoin's commitment to innovation in digital finance.

The establishment of a blockchain bank follows the passage of the Nebraska Financial Innovation Act in 2021, which set forth guidelines for the regulation of stablecoins in the state. This unique framework positions Nebraska as a leader in the rapidly evolving landscape of digital banking and financial technology.

Industry Overview in the U.S.

The digital finance industry in the United States is currently undergoing a substantial transformation, fueled by advancements in blockchain technology and growing consumer acceptance of cryptocurrencies. Institutions are increasingly recogn