Ex-Signature Bank Execs Launch New Digital Bank "Narrow Bank" with Paradigm & Winklevoss Backing

Former executives from the collapsed Signature Bank have launched a new financial venture, "Narrow Bank," leveraging blockchain technology. The project has secured backing from major crypto investment firms Paradigm and Winklevoss Capital. Narrow Bank aims to offer a secure, tech-driven banking alternative, focusing on transparency and efficiency through distributed ledger technology. This move signals continued institutional interest in merging traditional finance with blockchain infrastructure, despite recent banking sector turbulence. The involvement of high-profile investors underscores confidence in the model's potential to redefine niche banking services.