The Bank Slate


CU Digital One invests $5 million in CryptoFi

CU Digital One, a fintech-focused credit union service organization (CUSO), has invested in CryptoFi.

The CUSO said in a press release that it funded a $5 million investment in CryptoFi, which helps financial institutions add digital assets products and services. CU Digital One plans to make a second investment in the fintech early next year.

“This is a big moment for the credit union industry,” Joshua Herman, CU Digital One’s CEO, said in the release. “We believe the future is bright for this partnership and for the financial services industry as a whole.”

CryptoFi will use the funds to expand its product offerings.

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