LevelField Financial, a U.S. financial services firm seeking to unite traditional banking and digital asset products and services in one trusted platform, received conditional approval to acquire Burling Bank, positioning the newly renamed LevelField Bank to become the first full-service FDIC-insured institution offering both traditional banking and regulated digital-asset services in all U.S. states and territories. After closing, the bank plans to offer products like Bitcoin-collateralized loans, crypto rewards cards, digital-asset custody and trading, and real-time payments for historically underbanked or crypto-native businesses. Backed by traditional finance and crypto-sector investors, LevelField aims to set a new regulatory standard for integrating digital assets into mainstream banking through a 24/7, compliance-driven infrastructure.

LevelField Bank Approved to Offer Business and Consumer Banking and Digital Asset Services in All U.S. States and Territories