Jewel Bank is a Bermuda-based financial institution focused on bridging fiat banking with digital asset infrastructure through its proprietary stablecoin and banking service solutions. It has full TradFi banking and digital asset business licenses from the Bermuda Monetary Authority (BMA) and is the first dedicated digital asset bank in the area to receive both licenses.
Its primary clients are non-US digital asset firms including exchanges, institutional investors, and OTC trading firms. Jewel Bank offers a full suite of banking services including business checking and deposit accounts, wire transfers, fiat on and off ramps, and digital asset custody.
Jewel Bank also issues its own US dollar-backed stablecoin, Jewel USD ($JUSD). This is a fully-reserved stablecoin offering transparency through regular reserve updates and banking-as-a-service offerings via API as well as cryptocurrency-collateralized lending.
The firm is currently developing stablecoins-as-a-service solutions alongside its real-time settlement network, "Jewel Settle," which offers instant settlements for cross-bank transactions conducted by Jewel Bank customers.
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