NORFOLK, Nebraska — Telcoin officially receives final approval from the Nebraska Department of Banking and Finance to launch the Telcoin Digital Asset Bank, marking a turning point in U.S. financial history. With this approval, Telcoin becomes the first digital asset custodian (DADI) in the US and the first bank authorized to issue on-chain digital cash directly linked to US bank accounts.
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At the heart of this effort is eUSD, the first bank-issued, fully regulated US dollar stablecoin designed to bring blockchain-powered payments, transfers, and savings into everyday finance.
“Our charter makes history, not just for Telcoin, but for the entire U.S. banking system. We are proving that banks can issue on-chain digital cash responsibly and in coordination with U.S. regulators. eUSD brings the speed, transparency, and affordability of blockchain to everyday finance in a way that anyone can use.”
Paul Neuner, Telcoin Founder and CEO
eUSD is fully backed by US dollar deposits and short-term Treasury bills, offering users real-time payments, programmable currency, and transparency, all within a federally compliant framework.
Regulatory milestones for blockchain banking
Telcoin's charter approval came on the heels of the GENIUS Act, a landmark law that provided federal clarity on stablecoins and digital assets. While many blockchain companies pursue trust charters or operate offshore, Telcoin's approach as a fully regulated deposit-taking bank directly addresses systemic risk concerns raised by federal agencies.
“This is not about taking money out of the banking system,” Neuner added. “It’s about upgrading the technology of money, payments and banking itself.”
Telcoin Digital Asset Bank connects U.S. bank accounts to decentralized finance (DeFi) applications through eUSD, enabling compliant yield products, on-chain payments, and digital asset custody. All of these require regulatory approval.
Empowering community banks across the country
Beyond its own services, Telcoin Digital Asset Bank aims to help community banks across the country integrate blockchain-based systems.
“There are nearly 5,000 banks in the United States, but only the largest 5% have the resources to handle digital assets in-house. We will help the remaining 95% stay relevant and securely connect to blockchain finance.”
Patrick Gerhart, President of Telcoin Banking
This model positions Telcoin as both a pioneer and a bridge-builder, helping local institutions tap into the $4 trillion blockchain economy while maintaining the security, trust, and compliance of the traditional banking system.
Banking at the speed of the internet
Telcoin is redefining what it means to bank in the digital age by aligning blockchain technology within a regulated banking framework. The company envisions digital cash as a new layer of financial infrastructure. It will empower small businesses, strengthen community banks, and modernize payments at scale.
“We have been working towards this moment for years, and Telcoin Digital Asset Bank is proof that compliance and innovation can elevate banking to a new standard – one where money flows at the speed of the internet.”
Paul Neuner, Telcoin Founder and CEO
The charter was officially signed by Governor Jim Pillen at the Nebraska State Capitol, solidifying Nebraska's leadership in blockchain finance.
The Digital Asset Custodian Charter was born out of the Nebraska Financial Innovation Act (NFIA) and led by former state chair and current U.S. Representative Mike Flood and Bank Commissioner Kelly Lammers, which positions Nebraska as a national hub for digital banking innovation.
