Fold Secures Core Banking Partnership with Lead Bank

Fold, a bitcoin financial services company, has announced a new core banking partnership with Lead Bank, an FDIC-insured institution. This partnership will support Fold's accounts, deposits, withdrawals, and bitcoin trading.

The agreement is designed to strengthen Fold's banking foundation and enable the phased rollout of expanded account features, including passthrough bitcoin buys, ACH origination, and same-day ACH, FedWire, and FedNow transfers. Additionally, customers will have access to 24/7 instant withdrawals via FedNow, higher limits, direct deposit with early availability, auto-stack bitcoin purchases from external accounts, and accounts with routing and account numbers.

Fold expects to begin transitioning customer accounts to Lead Bank later this year, while continuing to launch new features in phases. This development comes after Fold's previous partnership announcements, which have been followed by notable market reactions.