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Bank of Utah

2605 Washington Boulevard, Ogden, UT, 84401, United States

Overview

Bank of Utah is a bank providing personal banking, auto loans, and home loan services.

Total investments
1
Lead investments
0
Investments · 12mo
1
Active investors
1

Sector focus

  • Bitcoin
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Stablecore

    Participated · Equity · Sep 2025

    Stablecore’s platform unifies the key components required for a financial institution to launch and operate stablecoins, tokenized deposits, and broader digital-asset services without replacing its core banking or digital banking systems. By acting as a middleware layer, the software enables use cases such as instant global payments, treasury management with stablecoins, digital-asset custody and exchange, and asset-backed lending. Community and regional banks retain full control over their offerings while gaining the flexibility to connect with multiple custodians. The company was co-founded by Alex Treece, Nick Elledge and Eduardo Montemayor, seasoned operators in both banking and digital assets. Passage of the GENIUS Act (July 2025) has accelerated demand, positioning Stablecore to serve more than 8,000 potential U.S. bank and credit-union customers. Stablecore recently secured $20 million in new capital to expand its customer base and hire additional talent. Although the company has not disclosed revenue or user metrics, the fresh funding underscores investor confidence in its role as infrastructure for the next era of bank-delivered digital assets.

Team