Avanti Financial Group
A Bitcoin Core developer, Mr. Bishop was senior blockchain engineer and custody architect of LedgerX, the first CFTC-regulated options exchange and clearinghouse for digital assets, from 2014-2018. He recently created Bitcoin Vaults, a pre-signed anti-theft recovery and clawback mechanism for bitcoin. He has significant prior software engineering experience and has worked on numerous open-source software projects. Mr. Bishop will also join Avanti's board of directors.
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Avanti Financial Group
Avanti Financial Group, Inc. is a Wyoming corporation formed to apply for a bank charter under Wyoming’s special-purpose depository institution law. Based in Cheyenne, WY, it has applied to do business under the name “Avanti Bank & Trust.” Avanti plans to serve as a compliant bridge to the US dollar payments system and a custodian of digital assets that can meet the strictest level of institutional custody standards. Avanti must fully comply with all applicable federal know-your-customer, anti-money laundering and related laws, as well as with Wyoming’s SPDI and digital asset laws, among which include requirements that fiat deposits be 100% reserved and that it meet the strictest consumer protections in the digital asset industry. Subject to approval of its application, Avanti plans to open its doors by early 2021.