Tron (TRX) founder wants to establish a new Bank

Justin Sun said that he is ready to talk & invest to establish a better Bank in the crypto sector, more better than the current bank systems.

Justin Sun is the founder & Investor of several crypto platforms & crypto assets. He is known as a core founder of the Proof-of-stake (PoS) crypto network Tron (TRX). Justin is of Chinese origin but he is now a Canadian citizen. The top known crypto projects under Tron’s founder leadership are TRX coin, Just coin, Sun coin, BTT coin, Winlink coin, ape NFT coin, etc. 

On 12 March 2023, Justin Sun took to Twitter to share his opinion on the current struggling phase of Banks and said that he is open to listen to the ideas on this matter because the downfall of the top banks like Silvergate, Silicon Valley, etc is surely a harmful thing for this sector.

Justin confirmed that he is ready to support the establishment of a new bank and he is open to providing funding, management & operational support. 

“I’m willing to collaborate with my friends to provide funding, management, and operational support, whether it’s onshore or offshore. A robust banking infrastructure that bridges traditional finance and crypto is essential to enable wider adoption of cryptocurrencies,” Justin said.

Failure of Banks

In the last 10 days, the crypto industry came to know about the failure of two crypto-friendly banks, namely Silvergate Bank, and Silicon Valley Bank. 

A popular crypto news reporter Andrew recently told the crypto community that First Republic Bank is going to be the next bank to join the failed banks list.

Around a week ago, a Kraken crypto exchange executive also confirmed that Kraken exchange is very near to launching its own crypto-friendly Bank.

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