Bank License Information

Medici Bank International, LLC ("MBI") is licensed and regulated by the Office of the Commissioner of Financial Institutions (OCIF) in Puerto Rico as an International Financial Entity (license #IFE-030) pursuant to Act No. 273 of September 25, 2012, as amended (the IFE Act), and Regulation No. 5653.

Medici Bank is, among other activities, permitted to:

• accept deposits
• make & service loans
• underwrite & trade in securities, notes, debt instruments, and bills of exchange; buy & sell securities on behalf of clients
• operate a Trust division offering custodian services
• act as a Custodian of digital assets (crypto-currencies)
• offer loans secured by digital assets (crypto-currencies)
• issue and manage letters of credit
• conduct banking in any fiat currency, gold, silver, and trade in FX
• deal in money orders and similar instruments (eg bearer certificate denominated in national currency that is anonymous, transferable, and redeemable)
• engage in trade financing
• acquire and lease property
• act as a clearinghouse for financial contracts
• offer asset management, alternative investment management, management of private capital investments, manage hedge funds, manage pools of capital, administer trusts to convert assets into securities, administer escrow accounts.

For more information you may visit our regulators website at www.ocif.pr.gov