What Xapo does

Xapo Bank is a members-only private bank incorporated in Gibraltar and serving individual Bitcoin holders globally. The firm is structured around three regulated entities — Xapo Bank Limited (credit institution under Gibraltar Financial Services Commission Permission No. 23171), Xapo VASP Limited (DLT Provider, Permission No. 26061), and Xapo Credit Limited (licensed moneylender) — held by Gibraltar-incorporated Xapo Holdings Limited. Its product suite is delivered as an integrated banking app: Earn (savings paying up to 4% APY in BTC and USD), Borrow (BTC-backed loans up to $5M with zero fees), Custody (triple-layered security using Swiss underground vaults, MPC cryptography, and personal access controls), Invest (U.S. Stocks, ETFs, and Altcoins), Transact (global spending with no FX fees), and Inheritance (designated Bitcoin beneficiaries). Disclosed 2025 capital metrics are a 167% Capital Ratio and a 1663% Liquidity Ratio, both well above the 100% regulatory standard.

The business model combines four revenue streams: annual membership fees, net interest spread on USD/BTC savings, interest income on BTC-backed loans issued by Xapo Credit Limited, and execution fees on the Invest product line (non-advised, execution-only transferable securities). Distribution is direct-to-consumer through the xapobank.com platform and mobile app, supplemented by dedicated relationship managers, a $500-Bitcoin referral programme, and brand partnerships such as the flagship Aston Villa Football Club sponsorship tied to the club's UEFA Champions League campaign. Marketing is supported by The Xapo Insider blog, email newsletters, and Trustpilot-amplified member testimonials. Founded in 2013 by Wences Casares, the company raised approximately $40M across two 2014 funding rounds led by Benchmark, Fortress, Greylock, and Index Ventures, sold its institutional custody business to Coinbase in 2019, and rebranded to Xapo Bank in 2025 as a private bank. The company is led by CEO Seamus Rocca.

Name

Xapo

Legal name

Xapo Bank Limited

Website

https://xapo.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Xapo Bank is a Gibraltar-licensed, members-only private bank serving individual Bitcoin holders with integrated savings, BTC-backed lending, custody, securities investing, global spending, and inheritance services. Founded in 2013, it combines Swiss vault security with a digital banking app for a global retail member base.

Ownership category

akta.pro rank

Product category

Cryptocurrency Private Banking

NAICS

Depository Credit Intermediation (5221)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Crypto/Web3 Neobanks (FSABAFAG)

akta.pro secondary industries

Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG), Centralized Crypto Lending Platforms (CeFi) (FSADAFAA)

Keywords

• Bitcoin private banking
• Cryptocurrency custody services
• Btc-backed lending
• Digital asset savings
• Crypto banking platform

Headquarters

HQ city

Palo Alto

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: Annual membership fee for access to private banking services. Customer testimonial mentions 'well worth the annual cost for a reliable business.'
2. Lending Interest: BTC-backed loans allowing members to borrow cash without selling their Bitcoin. Interest income generated from loan products issued by Xapo Credit Limited.
3. Investment Services: Access to U.S. Stocks, ETFs, and Altcoins. Non-advised execution-only service in transferable securities.
4. Savings/Interest Spread: Paying up to 4% APY on BTC and USD savings while generating revenue through lending and investment activities. Variable annual interest rate on savings products.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Xapo Bank is a members-only private bank exclusively for Bitcoin holders, offering an integrated suite of services: Earn (up to 4% APY on BTC and USD savings), Borrow (BTC-backed loans up to $5M USD), Custody (triple-layer security with Swiss underground vaults and MPC cryptography), Invest (U.S. Stocks, ETFs, and Altcoins), Transact (global 24/7 transfers and spending with no FX fees), and Inheritance (designated Bitcoin beneficiaries). Membership is gated by an annual fee, and the offering is delivered through a mobile app and web platform with dedicated relationship managers.

Product overview

Xapo Bank is a members-only private bank built specifically for Bitcoin holders, established in 2013. The platform operates as a unified banking product offering multiple integrated services: Earn (BTC and USD savings with up to 4% APY), Borrow (BTC-backed loans), Custody (triple-layered security with underground vaults and MPC technology), Invest (access to U.S. Stocks, ETFs, and Altcoins), Transact (global spending with no FX fees), and Inheritance (beneficiary designation). The company also maintains two regulated subsidiaries: Xapo VASP Limited (DLT Provider for crypto asset services) and Xapo Credit Limited (for loan issuance). The architecture is a single integrated banking platform with modular services that work together, allowing members to earn, borrow, invest, and transact using both traditional fiat currencies and Bitcoin within one application.

Differentiator

Problem solved

Functional benefit

Products and services

• Xapo Bank Membership Members-only private bank for Bitcoin holders, providing an integrated account with access to earn, borrow, custody, invest, transact, and inheritance services for a single annual membership fee.
• Earn (BTC and USD Savings) Savings product paying up to 4% APY in Bitcoin on both USD and BTC holdings, with compounding returns and no upfront, administrative, or hidden charges, designed for members who want yield on idle balances.
• Borrow (BTC-backed Loans) Instant liquidity through pre-approved, zero-fee loans and cash deposits secured against Bitcoin holdings, allowing members to access up to $5M USD in cash without selling their BTC.
• Custody Triple-layered Bitcoin custody service combining underground Swiss vaults, MPC (multi-party computation) technology, and tailored personal access controls, ensuring members are the only ones with control over their wealth.
• Invest Execution-only (non-advised) investment service giving members access to U.S. Stocks, ETFs, and Altcoins inside the Xapo Bank app alongside their Bitcoin and USD balances.
• Transact Global sending and spending service enabling instant 24/7 transactions in major currencies across the globe with no FX fees, delivered via the Xapo Bank card and mobile app.
• Inheritance Beneficiary designation service allowing members to choose Bitcoin beneficiaries, allocate distribution percentages, and ensure their Bitcoin legacy is passed on.
• Institutional Services Banking, custody, and treasury services tailored for institutional and enterprise clients managing Bitcoin holdings, leveraging the same security infrastructure and regulatory framework as the consumer bank.

Quantifiable outcome

• Capital Ratio of 167% (standards require 100%)
• +3 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core and flagship.

• CoinbasecoreStrategic or Co-development Partner · 1 January 2019Xapo sold its institutional custody business to Coinbase in 2019. Wences Casares, founder of Xapo, shaped industry infrastructure and helped mainstream Bitcoin adoption. This sale established Coinbase as a major player in institutional crypto custody.
• Aston Villa Football ClubflagshipGTM or Marketing PartnerOfficial partnership with Aston Villa FC, celebrating a historic season of European glory and looking ahead to the UEFA Champions League. Xapo Bank is the Official Partner, providing brand visibility through football sponsorship. Partnership showcases Xapo's long-term approach to building wealth in Bitcoin.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Matrixport: Matrixport is an Asia-based crypto financial services platform offering custody, lending, trading, and structured products. Comparable to Xapo's integrated crypto banking model, with similar institutional and HNW customer orientation.
• Nexo: Nexo is a crypto lending and exchange platform offering crypto-backed loans, earn products, and an exchange card. Comparable to Xapo's borrow, earn, and transact offerings, with broader asset coverage but less Bitcoin-specialist positioning.
• Bitcoin Suisse: Bitcoin Suisse is a Swiss-regulated crypto financial services provider offering brokerage, custody, staking, and lending. Comparable to Xapo as a regulated crypto banking platform with deep Swiss heritage and institutional credibility, though more B2B-weighted.
• Wirex: Wirex is a crypto payments platform offering a multi-currency card, crypto and fiat accounts, and BTC rewards. Comparable to Xapo's transact and earn modules within a single integrated app, with similar global consumer orientation.
• Ledn: Ledn offers Bitcoin and USDC savings accounts alongside BTC-backed loans to a global retail and small-business audience. Directly comparable to Xapo's earn and borrow products, with a similar dual-yield and lending model targeting crypto holders.
• Swan Bitcoin: Swan Bitcoin is a Bitcoin-focused financial services company offering IRA, custody, and BTC-backed lending to individuals and businesses. Directly comparable to Xapo in serving Bitcoin holders with integrated banking and wealth services, with similar premium positioning around Bitcoin-native customers.
• Unchained Capital: Unchained Capital provides collaborative custody for Bitcoin and BTC-backed lending products. Directly comparable to Xapo's custody and borrow offerings, with a similar focus on self-custody-grade security and Bitcoin-collateralized credit.

Broad incumbents

• Coinbase: Coinbase is a publicly listed crypto exchange and custody provider that acquired Xapo's institutional custody business in 2019. A scaled incumbent with overlapping capabilities in custody, staking, lending, and trading, and substantially larger distribution across consumer and institutional segments.
• Revolut: Revolut is a global neobank offering crypto buy/sell, staking, and transact features alongside fiat banking. Comparable to Xapo's transact and invest offerings within a broader consumer banking platform, with substantially larger user base and geographic reach.
• Block (Cash App): Block's Cash App offers Bitcoin buying, selling, and withdrawal to US consumers alongside broader payments and banking services. A scaled incumbent with overlapping consumer Bitcoin financial services, though with a different geographic and product focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/xapo
• Facebookfacebook.com/xapoprivatebank

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xapo