The investment was led by 10T Holdings and Morgan Creek Capital Management and included contributions from new and existing investors.
Brooks noted that the U.S. money supply will have risen 40% over the last 12 months once the most recent round of stimulus is done.
The conditional approval from the U.S. banking regulator follows Anchorage's approval last month.
Acting Comptroller of the Currency Brian Brooks will be stepping down on Jan. 14, he confirmed Wednesday.
The crypto industry has its first federally chartered bank: Anchorage.
Brian Brooks, a former Coinbase lawyer and the No. 2 at a U.S. banking regulator, may soon take the top job – at least, temporarily.
The federal agency that oversees national banks in the US has named virtual currencies as an operational risk.
Six blockchain businesses and advocacy groups have submitted public comments to a report released by a US bank regulator earlier this year.
The US Office of Comptroller of the Currency (OCC) is looking to establish a framework for regulating financial technologies like blockchain.