World’s first clearing bank for the AI era: Augustus receives conditional full service bank charter
Federaţia Rusă
New York - Augustus, formerly known as Ivy, has received conditional approval from the Office of the Comptroller of the Currency (OCC), the US federal banking regulator, to establish Augustus Bank, N.A. as a full service US national bank. Augustus Bank N.A. will be the world’s first clearing bank for the AI era, built on a stablecoin and AI-native core – a bank that’s always open, made for machines, at the speed of compute. Augustus Bank N.A. will be designed for global financial institutions
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