Levelfield Financial
Levelfield Financial is a Houston-based bank-in-formation acquiring Burling Bank to launch the first FDIC-insured full-service U.S. bank offering traditional banking plus Bitcoin-backed loans, qualified crypto custody, and 24/7 OTC trading to consumers, private clients, and digital-asset businesses.
- Company typePrivate
- Founded2018
- HeadquartersHouston, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Levelfield Financial does
Levelfield Financial is a Houston-based, Delaware-incorporated financial services holding company founded in 2018 that is building a chartered bank to combine traditional FDIC-insured banking with regulated digital asset services. Through its operating brand Forge Bancorp, the company plans to offer community checking, savings, CDs, lending, private client banking, and business banking alongside crypto-native products including Bitcoin-collateralized term loans, qualified custody for Bitcoin, Ethereum, and 17 additional blockchain ledgers, 24/7 OTC Bitcoin and Ethereum trading against the U.S. dollar, and a future suite of credit and debit cards with cryptocurrency rewards. The technology stack is an integrated digital asset banking platform connecting traditional core banking functions with multi-chain custody, collateral management, and OTC trading rails.
The company's primary path to market is the pending acquisition of Burling Bank in Chicago, which has received conditional approval from the Illinois Department of Financial and Professional Regulation and awaits Federal Reserve approval before closing. Upon close, Burling Bank will be renamed Levelfield Bank and positioned as the first full-service FDIC-insured chartered bank in the U.S. to offer traditional and digital asset services nationwide across all states and territories. Capital has been assembled through a $50 million Rule 506(b) securities offering targeting accredited investors at a $1 million minimum, supplemented by prior equity rounds aggregating approximately $9.3 million.
Revenue mechanics, once operational, will derive from net interest margin on deposits and lending (including Bitcoin-backed loans starting at under 10% APR), recurring qualified custody fees for digital asset storage across multiple blockchains, and transaction-based revenue from OTC trading. Customer segmentation spans general consumers, high-net-worth private clients, and businesses — with explicit focus on cryptocurrency firms and other underbanked sectors historically underserved by incumbent banks. The go-to-market combines direct digital banking (website and planned mobile/desktop applications) with dedicated relationship management for enterprise and private client segments.
Levelfield Financial firmographics
Firmographics- Name
- Levelfield Financial
- Legal name
- LevelField Financial, Inc.
- Website
- https://levelfield.us
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Levelfield Financial is a Houston-based bank-in-formation acquiring Burling Bank to launch the first FDIC-insured full-service U.S. bank offering traditional banking plus Bitcoin-backed loans, qualified crypto custody, and 24/7 OTC trading to consumers, private clients, and digital-asset businesses.
- Ownership category
- akta.pro rank
Levelfield Financial industry classification
Industry- Product category
- Digital Asset Banking
- NAICS
- Commercial Banking (522110), Credit Intermediation and Related Activities (522), Investment Banking and Securities Intermediation (523150), Credit Card Issuing (522210)
- SIC
- National Commercial Banks (6021), Security Brokers, Dealers & Flotation Companies (6211), Personal Credit Institutions (6141)
- akta.pro primary industry
- Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)
- akta.pro secondary industries
- Lending & Credit Disbursements (FSAMAKAH), Specialty Finance / Structured Credit (FSANADAE)
Keywords
Where Levelfield Financial is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Levelfield Financial business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Traditional Banking Services: Interest income from lending products (including Bitcoin-backed loans), deposit fees, and standard banking service charges across consumer, private client, and business banking segments.
- Digital Asset Trading: Revenue generated from digital asset trading services including Bitcoin and Ethereum trading against U.S. dollars, potentially on a commission or transaction fee basis.
- Digital Asset Custody Services: Qualified custodian services for digital assets (Bitcoin, Ethereum, and additional blockchain ledgers), generating fees for secure storage and management of customer holdings.
- Securities Offering: LevelField Financial conducted a Rule 506(b) securities offering targeting accredited investors, with a total offering amount of $50 million and a minimum investment of $1 million per investor. $1 million was already sold at the time of the SEC filing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Bitcoin-backed loan rates starting from less than 10% APR |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Levelfield Financial product offering
Product offeringCore offering
Levelfield Financial is building a full-service FDIC-insured chartered bank (via its pending acquisition of Burling Bank, to be renamed LevelField Bank) that combines traditional community banking with digital asset services. Planned offerings include checking, savings, CDs, lending, credit and debit cards, Bitcoin-backed loans, 24/7 OTC Bitcoin and Ethereum trading, and qualified custody for Bitcoin, Ethereum, and additional blockchain ledgers.
Product overview
LevelField Financial is a Houston-based firm that has received conditional regulatory approval from the Illinois Department of Financial and Professional Regulation to acquire Burling Bank (which will be renamed LevelField Bank). The company's planned offerings include traditional banking services combined with digital asset services, aiming to become the first FDIC-insured full-service bank to offer crypto services nationwide. Planned products include Bitcoin-backed loans and digital asset trading services, pending additional regulatory approvals including Federal Reserve approval.
Differentiator
Problem solved
Functional benefit
Products and services
- Traditional Community Banking
- Private Client Banking
- Business Banking
- Bitcoin-Backed Loans
- Digital Asset Custody
- Private Client / OTC Trading
Quantifiable outcome
- Bitcoin-backed loan rates starting from less than 10% APR
- +2 more outcomes
Companies that use Levelfield Financial
Customer profileSegments4 records
Ideal customer profiles4 records
Levelfield Financial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Levelfield Financial partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Burling BankflagshipLevelField Financial entered into an acquisition agreement to acquire Burling Bank, a Chicago-based bank, from the Illinois Department of Financial and Professional Regulation. The acquisition has received conditional regulatory approval. Upon closing, Burling Bank will be renamed LevelField Bank and will serve as the primary operational entity for LevelField Financial's full-service FDIC-insured bank offering traditional and digital asset banking services nationwide.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Levelfield Financial competitors and assessment
Company assessmentEmerging players
- Prime Trust: Prime Trust provides qualified custody, crypto IRA, and fiat on/off-ramps for digital asset businesses. Comparable as a digital asset-focused financial institution offering custody and banking-adjacent services, though operating under trust company rather than bank charters.
- Mercury: Mercury is a tech-forward digital banking platform for startups, including crypto businesses, offering business banking, treasury, and APIs. Comparable as a digitally-native bank targeting tech-savvy and crypto-adjacent business customers.
- Galaxy Digital: Galaxy Digital is a diversified crypto financial services firm offering trading, lending, custody, and asset management. Comparable in offering a multi-vertical crypto banking and capital markets platform targeting institutional digital asset clients.
- Brex: Brex is a fintech offering corporate cards, banking, and expense management with growing support for crypto businesses. Comparable in targeting underbanked tech and crypto sectors with integrated digital banking products.
Direct peers
- Custodia Bank: Custodia (formerly Avanti) is a Wyoming SPDI chartered digital asset bank pursuing Fed master account access to offer Fedwire-enabled crypto banking. Highly comparable as a crypto-first chartered bank navigating federal regulatory approval for nationwide digital asset services.
- Anchorage Digital: Anchorage is a federally chartered crypto-native bank (OCC trust charter) offering custody, trading, and lending for digital assets. It is the most direct analog as a regulated U.S. institution serving institutional crypto clients with banking-grade services.
- BankProv: BankProv is a community bank that has pivoted heavily into crypto-friendly banking, including Bitcoin-backed lending and serving digital asset businesses. Directly comparable as a small chartered bank pursuing the same crypto-banking niche.
Others
- BitGo: BitGo is a leading institutional qualified custodian for digital assets offering custody, lending, and trading services. Comparable as a regulated custody and lending provider for crypto assets, though operating under trust company rather than FDIC-insured bank charter.
- FalconX: FalconX is a digital asset prime brokerage offering trading, lending, and custody to institutional crypto clients. Comparable in providing institutional-grade trading and credit services for digital assets that LevelField plans to offer through its bank platform.
Broad incumbents
- Cross River Bank: Cross River is a New Jersey-chartered commercial bank with strong fintech and crypto-friendly banking partnerships, offering lending, payments, and banking-as-a-service. Comparable as a tech-forward bank serving crypto and fintech clients with a broader product portfolio than LevelField's planned offerings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Levelfield Financial social profiles
Digital presenceLevelfield Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
Levelfield Financial leadership team
Management profileNumber of profiles
Profiles12 records
Levelfield Financial subsidiaries and ownership
Company hierarchySubsidiaries1 record
Levelfield Financial funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Levelfield Financial M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Levelfield Financial
What does Levelfield Financial do?
Levelfield Financial is building a full-service FDIC-insured chartered bank (via its pending acquisition of Burling Bank, to be renamed LevelField Bank) that combines traditional community banking with digital asset services. Planned offerings include checking, savings, CDs, lending, credit and debit cards, Bitcoin-backed loans, 24/7 OTC Bitcoin and Ethereum trading, and qualified custody for Bitcoin, Ethereum, and additional blockchain ledgers.
Is Levelfield Financial a public or private company?
Levelfield Financial is a private company. It is classified as unknown and is currently operating.
When was Levelfield Financial founded?
Levelfield Financial was founded in 2018. It employs 11 to 50 people.
Where is Levelfield Financial based?
Levelfield Financial is headquartered in Houston, United States, in the North America region.
How does Levelfield Financial make money?
Four revenue lines are on record. Traditional Banking Services are the primary driver. The others are digital Asset Trading, digital Asset Custody Services and securities Offering.
Who are Levelfield Financial's main competitors?
Emerging players on record are Prime Trust, Mercury, Galaxy Digital and Brex. Direct peers are Custodia Bank, Anchorage Digital and BankProv. Others are BitGo and FalconX. Cross River Bank is listed as a broad incumbent.
Does Levelfield Financial have an API?
No public API is recorded for Levelfield Financial.
What industry is Levelfield Financial in?
Levelfield Financial's product category is Digital Asset Banking. Its primary akta.pro industry code is FSABADAE, Private Banking Lending (Securities-Backed, Real Estate, Structured Credit), with a secondary code of FSAMAKAH, Lending & Credit Disbursements. Its NAICS code is 522110 and its SIC code is 6021.