A new name for a new bank. IRACE is the successor to FundBank, rebuilt as a multi-jurisdictional institutional bank, preparing for the convergence of traditional and digital capital.

IRACE holds licences and operates directly in Luxembourg, the Cayman Islands, Ireland, and the United States. Jurisdictions where institutional capital actually concentrates.

Our platform brings the discipline of a regulated supervised bank together with the infrastructure institutional clients need for what comes next.

One group. One control layer. One relationship. Across the full lifecycle of a fund, a fintech, or a family office in the assets of today and the assets of tomorrow.

FundBank built its reputation as an institutional bank for the funds industry, trusted by administrators, fund managers, and family offices across Europe, the USA and the Caribbean for cash accounts, custody, escrow, and trust account infrastructure. That business is not going anywhere. It is the foundation the group is built on, and it remains the core of what we do every day.

But the world our clients operate in has changed. Fund flows are moving onto tokenised rails. Stablecoins are becoming institutional settlement instruments. Cross-border payment infrastructure is being rebuilt on-chain. Regulation such as MiCA in Europe, the OCC’s evolving posture in the US, virtual asset frameworks in Cayman and Ireland.

At IRACE, institutional-grade banking and digital asset infrastructure come together in one unified banking platform.

Purpose-built for asset managers, funds, and digital asset vehicles, we provide regulated banking solutions within a seamless client experience.

Designed around institutional workflows and backed by deep banking expertise, IRACE delivers the speed, control and confidence organisations need to manage both traditional and digital assets — all from a single trusted banking partner.