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Bancoli Announces Unique 1:1 Backing for USD Custody, Ensuring the Highest Level of Security and Reliability for Funds

By: Get News

Following recent disruptions in the financial industry, such as the collapse of Silicon Valley Bank and Signature Bank, Bancoli reaffirms its strong commitment to providing clients with the highest level of fund security and reliability. In the ever-changing and challenging financial landscape, Bancoli takes a proactive approach to safeguarding businesses’ financial assets. Bancoli proudly presents the exclusive 1:1 backing for Bancoli USD Custody, offering clients an outstanding level of security, up to US$125 million per account holder.

A representative from Bancoli stated, "As a global financial services provider, Bancoli recognizes that fund security is critical not only for businesses, but also for their entire commercial network. Our unique 1:1 backing with short-term US government obligations for Bancoli USD Custody ensures the highest level of fund security and reliability, a vital component for businesses operating on a global scale. Our strategy not only supports the success and growth of our clients, but also aims to strengthen the integrity of the global financial system. By giving businesses the confidence they need to focus on expansion and performance, we are delivering on our commitment to help strengthen the financial ecosystem to make it stronger, more globally resilient and prosperous."

Bancoli's 1:1 backing is an industry-first solution that addresses the critical needs of corporate account holders. The coverage provided in Bancoli USD Custody exceeds the backing offered by FDIC-insured bank accounts in traditional U.S. financial institutions, by 500 times. When compared to traditional European banks, the coverage is even more substantial, being over 1,000 times higher. This exceptional level of security exemplifies Bancoli's unwavering commitment to providing its clients with the ultimate backing for their funds. By introducing such a distinctive solution, Bancoli is not only setting the industry benchmark, but also playing a crucial role in fostering a more stable and secure financial ecosystem that benefits all stakeholders.

Combined with its 1:1 backing, Bancoli offers its clients a number of features and benefits, including highly competitive conversion rates, cutting-edge cash flow tools, and access to the Global Business Account from more than 170 countries. With its extensive global reach and multi-currency capabilities, Bancoli is uniquely equipped to meet the diverse needs of companies involved in international transactions.

Media Contact
Company Name: Bancoli
Contact Person: Monica De Salazar
Email: Send Email
Address:5900 Balcones Drive STE 100
City: Austin
State: TX 78731
Country: United States
Website: https://bancoli.com



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