Xapo was founded in 2013 by Argentine entrepreneur Wences Casares, originally as a Bitcoin wallet and cold storage vault service. The company became known for storing Bitcoin in physically secured, geographically distributed underground vaults. Xapo was an early institutional-grade custodian, holding significant Bitcoin reserves on behalf of high-net-worth individuals and institutional clients.

In 2019, Xapo sold its institutional custody business to Coinbase, and the company pivoted to become Xapo Bank, a licensed private bank headquartered in Gibraltar. Xapo Bank combines traditional private banking services with Bitcoin integration, allowing members to hold both fiat currencies (USD, EUR, GBP, and others) and Bitcoin in a single account. The bank offers SWIFT and SEPA transfers, a Mastercard debit card, and the ability to earn interest on USD deposits.

Xapo Bank targets a global, digitally native clientele, positioning itself as a bridge between traditional banking and Bitcoin. Members can instantly convert between fiat and Bitcoin within the platform, and the bank provides full regulatory protections as a Gibraltar-licensed banking institution.

Key Features

• Licensed Private Bank — Regulated banking institution in Gibraltar
• Bitcoin Integration — Hold, buy, and sell Bitcoin alongside fiat currency
• Multi-Currency Accounts — Support for USD, EUR, GBP, and other major currencies
• Mastercard Debit Card — Spend from fiat or Bitcoin-converted balances globally

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