Problem Statement

Regional Restrictions in Traditional Banking

Despite technological advancements, traditional banking remains shackled by geographic and regulatory silos. Financial services are often limited to specific jurisdictions, creating inefficiencies for global businesses:

• Cross-Border Friction: High fees, slow settlement times (3–5 days for international wire transfers).

• Regulatory Fragmentation: Compliance with varying AML/KYC laws across regions increases operational costs.

• Exclusion of Underserved Markets: 1.4 billion adults remain unbanked globally, per World Bank data (2023).

This legacy infrastructure struggles to meet the demands of a borderless digital economy.

Exclusion of Crypto Businesses from Financial Services

Web3 enterprises face systemic discrimination from traditional financial institutions:

• Banking Blacklisting: 72% of crypto startups report account closures or restrictions by banks (Chainalysis, 2024).

• KYB/KYC Hurdles: Even compliant businesses face delays or rejections due to perceived "high-risk" crypto associations.

• Unstable Alternatives: Reliance on shadow banking or offshore entities exposes companies to regulatory crackdowns and fraud.

Without access to reliable banking rails, Web3 innovation is stifled.

Fragmented Web3 Ecosystem

The decentralized finance landscape is plagued by disconnection:

• Platform Silos: Users juggle multiple wallets and apps for DeFi, NFTs, and RWAs—no unified experience.

• Interoperability Gaps: Tokens and loyalty programs rarely cross-accept, limiting utility and liquidity.

• Security Risks: Managing 5+ platforms increases exposure to hacks (e.g., $3.8B lost to DeFi exploits in 2024).

This fragmentation discourages mainstream adoption and undermines Web3’s promise of seamless financial freedom.