a16z-Backed Lead Bank Raises $70M Series B as Crypto Banking Infrastructure Demand Surges

Lead Bank secured $70 million in Series B funding, valuing the Kansas City-based institution at $1.47 billion. The round attracted both new investors like ICONIQ and Greycroft, as well as existing backers including Ribbit Capital, Coatue, and Andreessen Horowitz. This capital injection underscores growing institutional confidence in compliant banking solutions for digital asset businesses.

The bank's hybrid model—combining traditional banking services with fintech-focused infrastructure—positions it as a bridge between conventional finance and crypto-native firms. CEO Jackie Reses emphasized Lead Bank's technology-first approach, particularly relevant as enterprises increasingly adopt blockchain solutions while navigating complex regulatory environments.

With crypto firms facing persistent banking restrictions, specialized providers like Lead Bank are filling critical gaps in the financial ecosystem. The funding will likely accelerate technological upgrades and compliance capabilities as institutional crypto adoption gains momentum.