A startup is building a banking platform for AI systems, unbanked people, and DAOs. They got a full bank charter in Prospero for around $50,000 in just over a year, versus $30 million and five years in the U.S. Their next goal: become the first bank chartered by a Native American tribe.
Chapters
AI, right? What happens when AI needs to use a bank account? All these traditional banks, they can't even comprehend this idea right now. So whether you are unbanked, underbanked, or debanked, finally there's a bank for that. We are targeting the fastest growing market segments that are clamoring for banking options. We're giving them exactly that, a world-class banking experience. But we're not just a bank app. Everything we provide, we also provide via APIs. We've done the heavy lifting of integrating with the global financial ecosystem so you can bring your company, your app, your AI, your DAO or your network state and build on top of our infrastructure. So we've built, or we're in the process of building, a series of full reserve banks chartered in special economic zones around the world. This gives us an advantage over traditional banks where regulator alignment is what's missing and it is stifling innovation. 2 weeks ago, we got our full bank charter in Prospero. How long did it take? It actually took a little bit over a year. Oh! Not— no, no fault of Prosperus. And how much money? Uh, I want to say $50,000 all in, probably. Oh, wow. Wow. Yeah. It's $30 million in the US. Exactly. And probably 5 years. So we're on track to be the first bank chartered by a Native American tribe in US history.
