Does First Citizens Innovation Banking (formerly Silicon Valley Bank) accept crypto businesses? (October 2026)
Depends on the activity: as of October 16, 2026, First Citizens Innovation Banking (formerly Silicon Valley Bank) takes these crypto activities, per its published policy: Crypto exchange / OTC, with conditions; Crypto payments, custody, on/off-ramp, with conditions; Web3 infrastructure (no client funds), with conditions.
Depends on the activity
Licensee: First-Citizens Bank & Trust Company (FDIC)
What the policy says
| Activity | Status | Scope | Checked |
|---|---|---|---|
| First Citizens Innovation Banking (formerly Silicon Valley Bank) · Crypto exchange / OTC | With conditions | Business account | |
| First Citizens Innovation Banking (formerly Silicon Valley Bank) · Crypto payments, custody, on/off-ramp | With conditions | Business account | |
| First Citizens Innovation Banking (formerly Silicon Valley Bank) · Web3 infrastructure (no client funds) | With conditions | Business account |
Banking built for crypto-native companies … Our expertise … Crypto Exchanges
Banking built for crypto-native companies … Our expertise … Wallet Providers
Banking built for crypto-native companies … Our expertise … Blockchain Analytics … DeFi … Mining … Network Developers
Has this rule changed? Tell us
More from our base
- What every provider publishes about crypto businesses
- First Citizens Innovation Banking (formerly Silicon Valley Bank): licence, policy and fees
- First Citizens Innovation Banking (formerly Silicon Valley Bank) and unlicensed financial services businesses
- First Citizens Innovation Banking (formerly Silicon Valley Bank) and AI and SaaS businesses
- 3S Money and crypto businesses
- Airwallex and crypto businesses