BankProv Joins Forces with Fortress Trust to Create a Strong Regulatory and Financial Foundation for Web3 Innovators to Launch – QNT Press Release


AMESBURY, Mass., Aug. 4, 2022 /PRNewswire/ — BankProv (NASDAQ:PVBC), a future-ready commercial bank offering adaptive and technology-first banking solutions to emerging industries, announced today a new Banking-as-a-Service (BaaS) partnership with Fortress Trust, a Web3 infrastructure company, and Treasury Prime, a leading BaaS technology provider. Through this partnership, Fortress will launch its advanced NFT, crypto, fiat, and alt-asset infrastructure and custody services, with fiat services provided by BankProv.

The Fortress platform will offer APIs where users can buy, sell, store, and gift NFTs and other assets in one simple to-use, secure location. Fortress will provide a variety of services, including accounts where users can receive royalties directly into Royalty Escrow Accounts. Through the platform, artists, athletes, agents and publishers all have “read only” access to the Royalty Accounts, providing full transparency and ensuring everyone who is supposed to get paid, gets paid.

BankProv will assist in providing technical and operational support utilizing its fully integrated API suite with Treasury Prime. Treasury Prime’s API layer will connect applications to BankProv’s infrastructure. This gives crypto and blockchain companies working through Treasury Prime’s API software the ability to create a payments ecosystem customized…

Full story available on Benzinga.com



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