What is the maximum investment? 

The maximum investment is $15 million to avoid the challenges associated with Beneficial Ownership Reporting rules. Investors with less than 5% ownership avoid public reporting requirements.

How will you pay for the bank charter?

We will raise an additional $15 million in operating capital to fund the application process through the Operating SAFE note. Investors participate in the Operating SAFE at a discount.

Why a SAFE note?

SAFE notes allow us to raise the reserve capital and operating capital concurrently. Additionally, a SAFE note is better structured for returning investor capital in the event we are unable to receive our conditional charter. 

Why are there no voting rights?

No voting rights enables us to raise capital from foreign investors while avoiding the restrictions associated with foreign ownership of a U.S. bank. Furthermore, this enables domestic investors to sell secondaries to foreign entities in the future.

What are the expenses associated with the reserve capital SAFE?

Expenses include third party asset management, annual audit, quarterly review, brokerage, distribution, and administration fees.

What are the KYC requirements to Invest?

Investors must pass a KYC/AML check with our third party partner.

What is a "de novo" bank?

A "de novo" bank is a bank that has been newly chartered, not including charter acquisitions. The term "de novo" is Latin for "from the beginning," signifying that the bank is starting from scratch. All de novo banks are required to complete a chartering process with their corresponding regulator. In our case, that agency is the Office of the Comptroller of the Currency (OCC). De novo banks are often established to fill a niche in the market or introduce innovative financial products and services.

What are the regulatory requirements to open a bank?

The bank needs three key approvals: a charter from the OCC (Office of the Comptroller of the Currency), FDIC Insurance (Federal Deposit Insurance Corporation), and a Fed Master Account (The Federal Reserve).

What are the capital requirements to open a bank?

There is no official minimum to charter a bank; however, for a federal bank charter application to be taken seriously the typical minimum amount of capital required is in the $50 - $60 million range. We are raising $75 million.

What type of charter will you apply for?

There are variations and types of charters including federal, state, trust, ILC, credit card, and both insured and non-insured institutions. Charter applications are rated as Tier 1, 2, or 3 charters. We are pursuing a federally insured Tier 1 banking charter. 

Why are you not applying for a state charter?

A state chartered "full reserve" bank would likely be considered a Tier 3 entity. On average, Tier 3 applications received decisions in 823 days with only one Tier 3 charter receiving approval. On the other hand, Tier 1 applications received a decision in 94 calendar days, with 86% receiving approval.

Why does Analog need FDIC insurance?

Securing FDIC insurance is a fundamental requirement for any institution seeking to operate as a Tier 1 national bank in the United States. Our association with the FDIC immediately signals to clients that we are part of this trusted framework of safety and soundness. For a bank built on the principle of unparalleled security, FDIC insurance is a vital component of our commitment to our clients.

With the passage of the Genius ACT will you offer a stablecoin?

Following a development like the Genius Act, our strategy regarding stablecoins is not to issue a stablecoin ourselves but to serve as a banking partner for the ecosystem. We plan to be the on and off ramps for the specialized trusts that will issue stablecoins. This role is critical because these issuers are generally restricted from providing the depository and payment services necessary to move between digital assets and U.S. dollars. By focusing on this core banking infrastructure we enable the broader stablecoin ecosystem to flourish.

Who are your target customers?

Analog will target corporations, family offices, funds, and high-net-worth individuals, particularly those with uninsured deposits.

How will Analog offer bank accounts in over 120 countries?

Onboarding international customers requires a more robust Know Your Customer (KYC) and Anti-Money Laundering (AML) process. Traditional banks are often hesitant to implement these higher standards because applying them across their entire customer base would be disruptive and could negatively impact their capital reserve ratios when fraudulent accounts are inevitably identified and closed. Analog is building compliance infrastructure, design by our advisors who are experts in the field, allowing us to confidently serve a global clientele without compromising our standards or business model.

How do you target International customers?

Our international growth strategy is not based on direct advertising in foreign jurisdictions, but rather on organic expansion driven by social referrals from our existing clientele. We are tapping into a significant pent-up demand from individuals globally who have historically been seeking direct access to the U.S. financial system. The explosive growth of the stablecoin market from roughly $5 billion in 2019 to over $200 billion in 2025 serves as a powerful indicator for this demand. We offer these clients a more direct and regulated pathway to the U.S. dollar, upgrading them from a derivative to a foundational financial relationship.

How do foreign capital restrictions affect international customers?

While international customers are subject to the capital export controls of their home countries, our services provide a transformative advantage. These regulations may limit the total amount of funds a client can move abroad, but they do not prevent them from opening an account with us. This means that regardless of their country's specific limits, clients gain direct access to the U.S. financial system, often for the very first time. Even with a fraction of their wealth, they can establish a secure U.S. dollar-denominated account, providing a crucial gateway to financial stability and diversification.

How do you plan to attract corporate customers?

Our strategy for attracting corporate customers is to provide a treasury management solution directly to the CFO. We solve the critical challenge of managing counterparty risk for corporate cash held in excess of standard FDIC insurance limits. A CFO can effectively hedge this risk by placing all, or even just a portion, of their excess operating cash in our 100% backed demand accounts. Our goal is not to capture 100% of a client's deposits; our model finds great success even if a corporation entrusts us with a fraction of its funds for safekeeping.

Why do you think you can grow faster than a traditional bank?

Our ability to grow faster than a traditional bank is rooted in a fundamental structural advantage. Traditional fractional-reserve banks are constrained because their loan operations do not scale linearly. Additionally, rapid asset growth is a red flag for institutional risk that draws intense regulatory scrutiny. In contrast, our growth is driven by lean and scalable treasury operations, which avoids the systemic risk that concerns regulators. This model enables the same small, expert team to effectively manage assets of $1 billion or $10 billion. This enables us to grow faster and with less regulatory friction.

Why build your own banking core in parallel to the vendor licensed core?

Banks need regulatory approval to implement custom cores. Analog will develop and run its own banking core in parallel to a large third party provider. Once it has been demonstrated that our technology can meet the same standards as that of a major existing banking core, Analog will over time seek approval to migrate to our own systems.

Who will provide the traditional core?

We will work with either FIS or Fiserv. These vendors have built a reputation of trust with the regulators over decades. Historically, other vendor options can cause delays in the charter application process.