Benker blockchain neobank licensed by Lithuanian central bank

Fintech

Photo by Iaremenko Sergii/Shutterstock.com

A blockchain neobank set up by Benker, a financial services company established by Hungarian experts, has been licensed by the Bank of Lithuania, Benker told state news wire MTI.

Benker's business is the first officially licensed blockchain neobank in Europe.

The company told MTI its founders have paid EUR 600,000 into its registered capital, in two rounds.

Benker's costs exceed HUF 2 bln and include the development of its hybrid blockchain system dubbed Natrix.

Benker was launched two years earlier by Viktor Bodnár and András Szabolcsi, both active players on the European financial and fintech markets.

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