Concept
Pave Bank Georgia JSC is a Georgian digital bank for businesses managing fiat and digital assets. Its app and API let companies automate payment and treasury rules around those holdings. The model brings banking and programmable asset management together, while eligible deposits and digital assets retain different protections. The bank is licensed by the National Bank of Georgia (NBG). The NBG licensed-bank register records Pave Bank Georgia’s licence No. 305 as issued on 14 December 2023; the NBG’s announcement of 15 December described the restricted digital-bank licence. After about seven months in test mode, a separate decision of 12 July 2024 allowed banking activities in a real environment under phased conditions set by written instructions (NBG announcement). The regulator describes the model as integrating financial products with digital assets and programmable accounts for technology-driven companies, and notes founders with experience at the World Bank, Monzo, HSBC, Carta Worldwide, BigPay and BT Group. The bank's site states NBG licence number 305 (Pave Bank).
Hashbank also followed the NBG digital-bank licensing route. Georgian banks that take non-residents are compared in the Georgian banks matrix, and the deposit cover sits beside other schemes in the client asset protection map.
Pave's holding company is in Singapore and it has a representative office in London. In October 2025 it raised a $39 million Series A led by Accel, with Tether Investments, Quona Capital, Wintermute Ventures, Helios Digital Ventures, Yolo Investments and Kazea Fund, bringing total funding to over $44 million (Cooley, counsel to Pave Bank). In the funding release the company named Salim Dhanani as co-founder and CEO, said it had been profitable in seven of its first nine months of operation, and listed the UAE, the United States, Hong Kong and the European Economic Area as expansion markets (Pave Bank release, 27.10.2025).
The main parameters distinguish access to banking from protection of the assets:
| Parameter | Position |
|---|---|
| Bank | Pave Bank Georgia JSC, Georgia |
| Regulator | National Bank of Georgia, licence 305 |
| Pricing | Customer-specific terms or the banking profile; fees may differ by customer (§8.1). |
| Deposit protection | Eligible deposits: 50,000 GEL per depositor per bank; financial institutions are excluded. |
| Digital assets | No deposit insurance. |
What Pave Bank is built for
The bank describes its mission as giving businesses access to multi-asset, regulated financial products (Pave Bank, about us). Its funding release lists the building blocks: commercial banking alongside management of regulated digital assets "from stablecoins to bitcoin", institutional-grade digital asset management, an instant settlement network and an OTC trading desk.
- Programmable banking. Pave offers app and API access so a business can build real-time rules and automation on top of its money and assets (Pave Bank, programmability).
- Treasury across fiat and digital assets. Companies that hold stablecoins as part of treasury can keep them next to fiat balances at a regulated bank; how stablecoins work is covered in stablecoins.
- Settlement between clients. The instant settlement network is aimed at groups and counterparties that bank with Pave.
Regulatory context
National Bank of Georgia: licensing and prudential supervision of the bank.
Deposit insurance: client deposits are insured within the limits of Georgian law (Pave Bank, security); from 1 April 2026 the maximum reimbursable amount of insured deposits is 50,000 GEL (Deposit Insurance Agency of Georgia). The DIA limit aggregates a depositor's accounts at the same bank; financial institutions' deposits are excluded. Digital assets have no deposit insurance (p. 99).
Information exchange: Georgia committed to first automatic exchanges under the Common Reporting Standard by 2024 (OECD, AEOI commitments); see the CRS overview.
Clients with sanctions exposure
Who Pave Bank is not suited for
UHNW clients without a digital-asset need: Pave is built for business banking and treasury, not private banking.
Balances requiring full Georgian deposit protection: amounts above the applicable 50,000 GEL limit at one bank fall outside that scheme.
Clients needing a long track record: the bank went live in a real environment only in July 2024.
Transactions prohibited by applicable sanctions or law.
Q/A
Banking model, licence and risk
What does "programmable bank" mean?
A bank whose accounts can be driven through an app and an API, so payment instructions and treasury rules can be automated in real time instead of processed manually.
Who regulates Pave Bank?
The National Bank of Georgia, which lists Pave’s licence No. 305 as issued on 14 December 2023 in its licensed-bank register, described the restricted digital-bank licence in its 15 December announcement and separately allowed real-environment operations by decision of 12 July 2024 under phased conditions.
Where is Pave Bank based?
The bank is in Georgia, the holding company in Singapore, and it has a representative office in London; the company names the UAE, the US, Hong Kong and the EEA as expansion markets.
How are deposits protected?
Eligible Georgian bank deposits are covered up to 50,000 GEL per depositor per bank from 1 April 2026. Accounts at the same bank are aggregated; financial institutions are excluded. Digital assets do not have deposit insurance.
Does Pave Bank open accounts for clients with Russian ties?
The public terms do not guarantee acceptance. Confirm eligibility with the bank and be prepared to document the business, owners and source of funds.