Xapo - Revision history

NotATether: Expand Xapo from the early wallet and debit card to Xapo Bank, using xapobank.com for history, GFSC entities, savings, and custody.

2026-09-18T10:16:58Z

Expand Xapo from the early wallet and debit card to Xapo Bank, using xapobank.com for history, GFSC entities, savings, and custody.

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-{{Infobox company|name=Xapo|trading_name=Xapo Bank|industry=Banking / bitcoin custody|website=[https://www.xapobank.com/ xapobank.com]}}
+{{Infobox company|name=Xapo|trading_name=Xapo Bank|industry=Banking / bitcoin custody|location=Gibraltar|website=[https://www.xapobank.com/ xapobank.com]}}
-'''Xapo''' began as a bitcoin wallet and debit-card product and now operates primarily as '''Xapo Bank'''. Company pages describe Xapo Bank as regulated by the Gibraltar Financial Services Commission (GFSC) as a credit institution (from 2021), with bitcoin custody and related banking products.<ref name="about">[https://www.xapobank.com/en/company/about-us Xapo Bank: about us]</ref><ref name="custody">[https://www.xapobank.com/en/banking/custody Xapo Bank: custody]</ref>
+'''Xapo''' began as a bitcoin custody service, later added a debit card, and now operates mainly as '''Xapo Bank''' in Gibraltar.<ref name="about">[https://www.xapobank.com/en/company/about-us Xapo Bank: about us]</ref> The about page says founder Wences Casares started the company in 2013 to hold savings in bitcoin, drawing on his experience of hyperinflation in Argentina, and that the early service was known for physical bitcoin bunkers. The homepage gives the public address as One Grand Casemates Square, Gibraltar.<ref name="home">[https://www.xapobank.com/ Xapo Bank]</ref>
 == See also ==
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 * [https://www.xapobank.com/ Xapo Bank]
 * [https://www.xapobank.com/en/company/about-us Xapo Bank: about us]
 == References ==

NotATether: Rewrite Xapo: wallet/debit origin → Xapo Bank; GFSC Gibraltar credit institution from 2021; Companies+Services

2026-09-18T09:45:50Z

Rewrite Xapo: wallet/debit origin → Xapo Bank; GFSC Gibraltar credit institution from 2021; Companies+Services

← Older revision		Revision as of 09:45, 18 September 2026
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	Xapo ~~is a Switzerland-based company that provides a~~ bitcoin ~~wallet combined with a cold storage vault and a bitcoin-based debit card~~. ~~Xapo CEO and entrepreneur Wences Casares became interested in bitcoins because of the frequent financial fluctuations in his native Argentina~~.		{{Infobox company\|name=Xapo\|trading_name=Xapo Bank\|industry=Banking / bitcoin custody\|website=[https://www.xapobank.com/ xapobank.com]}}

	Xapo ~~announced $20 million Series A funding in March 2014~~. ~~The funding round was led~~ by ~~[[Benchmark~~ (~~venture capital firm~~)~~\|Benchmark]]~~, with ~~participation from [[Fortress Investment Group]], [[Pantera Capital]],~~ and ~~Ribbit Capital~~. ~~Benchmark partner~~ [~~[Matt Cohler]] said the VC firm backed Xapo in part because~~ Xapo ~~“is led by one of the most important people in the bitcoin ecosystem, it’s insured and has investors from both [[Silicon Valley~~]~~] and~~ [~~[Wall Street~~]~~].”~~		'''Xapo''' began as a bitcoin wallet and debit-card product and now operates primarily as '''Xapo Bank'''. Company pages describe Xapo Bank as regulated by the Gibraltar Financial Services Commission (GFSC) as a credit institution (from 2021), with bitcoin custody and related banking products.<ref name="about">[https://www.xapobank.com/en/company/about-us Xapo Bank: about us]</ref><ref name="custody">[https://www.xapobank.com/en/banking/custody Xapo Bank: custody]</ref>

	~~The company has raised a total of $40 million as of August 2014.~~		== See also ==
			* [[Cold storage]]
			* [[BitGo]]

	==~~Full Reserve Banking~~==		== External links ==
	~~The~~ Xapo ~~vault holds client bitcoins following a [[Full Reserve Banking~~]~~] and fully segregated model. Users can verify that their funds are in an individual~~ [~~[multi-signature]] Bitcoin address and not pooled or co-mingled with other users' funds~~. ~~Legal title to vault bitcoins is always users', with the property registered in their name following the model of allocated ([[bailment]]) gold storage and never loaned, invested or put at risk~~. ~~In case of~~ Xapo ~~going bankrupt or going through a process of liquidation, bitcoins in the vault would be completely insulated and vault users would have clear title to them.~~		* [https://www.xapobank.com/ Xapo Bank]
			* [https://www.xapobank.com/en/company/about-us Xapo Bank: about us]

	==~~Transformation into bank~~==		== References ==
	On May 5th 2020 Xapo announced that it would be transforming into a digital bank as the result of its obtaining a banking license in Gibraltar. This implied a change to its services as a Bitcoin wallet and increased regulatory hurdles and KYC for its existing clients. Xapo blocked new account openings after the announcement as it remodeled its platform. It also removed several app features (such as in-app chat and payments). A number of countries were also expelled or blocked from the platform.		<references />

			[[Category:Companies]]
			[[Category:Services]]

Flix: /* Full Reserve Banking */

2020-12-23T10:45:53Z

Full Reserve Banking

← Older revision		Revision as of 10:45, 23 December 2020
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	==Full Reserve Banking==		==Full Reserve Banking==
	The Xapo vault holds client bitcoins following a [[Full Reserve Banking]] and fully segregated model. Users can verify that their funds are in an individual [[multi-signature]] Bitcoin address and not pooled or co-mingled with other users' funds. Legal title to vault bitcoins is always users', with the property registered in their name following the model of allocated ([[bailment]]) gold storage and never loaned, invested or put at risk. In case of Xapo going bankrupt or going through a process of liquidation, bitcoins in the vault would be completely insulated and vault users would have clear title to them.		The Xapo vault holds client bitcoins following a [[Full Reserve Banking]] and fully segregated model. Users can verify that their funds are in an individual [[multi-signature]] Bitcoin address and not pooled or co-mingled with other users' funds. Legal title to vault bitcoins is always users', with the property registered in their name following the model of allocated ([[bailment]]) gold storage and never loaned, invested or put at risk. In case of Xapo going bankrupt or going through a process of liquidation, bitcoins in the vault would be completely insulated and vault users would have clear title to them.

			==Transformation into bank==
			On May 5th 2020 Xapo announced that it would be transforming into a digital bank as the result of its obtaining a banking license in Gibraltar. This implied a change to its services as a Bitcoin wallet and increased regulatory hurdles and KYC for its existing clients. Xapo blocked new account openings after the announcement as it remodeled its platform. It also removed several app features (such as in-app chat and payments). A number of countries were also expelled or blocked from the platform.

Flix: /* Full Reserve Banking */

2016-09-25T16:16:15Z

Full Reserve Banking

← Older revision		Revision as of 16:16, 25 September 2016
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	==Full Reserve Banking==		==Full Reserve Banking==
	The Xapo vault holds client bitcoins following a [[Full Reserve Banking]] and fully segregated model. Users can verify that their funds are in an individual [[multi-signature]] Bitcoin address and not pooled or co-mingled with other users' funds. Legal title to vault bitcoins is always users', with the property registered in their name following the model of allocated ([[bailment]]) gold ~~contracts~~ and never loaned, invested or put at risk. In case of Xapo going bankrupt or going through a process of liquidation, bitcoins in the vault would be completely insulated and vault users would have clear title to them.		The Xapo vault holds client bitcoins following a [[Full Reserve Banking]] and fully segregated model. Users can verify that their funds are in an individual [[multi-signature]] Bitcoin address and not pooled or co-mingled with other users' funds. Legal title to vault bitcoins is always users', with the property registered in their name following the model of allocated ([[bailment]]) gold storage and never loaned, invested or put at risk. In case of Xapo going bankrupt or going through a process of liquidation, bitcoins in the vault would be completely insulated and vault users would have clear title to them.

Flix at 22:18, 27 May 2016

2016-05-27T22:18:37Z

← Older revision		Revision as of 22:18, 27 May 2016
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	==Full Reserve Banking==		==Full Reserve Banking==
	The Xapo vault holds client bitcoins following a [[Full Reserve Banking]] and fully segregated model. Users can verify that their funds are in an individual multi-signature Bitcoin address and not pooled or co-mingled with other users' funds. Legal title to vault bitcoins is always users', with the property registered in their name following the model of allocated ([[bailment]]) gold contracts and never loaned, invested or put at risk. In case of Xapo going bankrupt or going through a process of liquidation, bitcoins in the vault would be completely insulated and vault users would have clear title to them.		The Xapo vault holds client bitcoins following a [[Full Reserve Banking]] and fully segregated model. Users can verify that their funds are in an individual [[multi-signature]] Bitcoin address and not pooled or co-mingled with other users' funds. Legal title to vault bitcoins is always users', with the property registered in their name following the model of allocated ([[bailment]]) gold contracts and never loaned, invested or put at risk. In case of Xapo going bankrupt or going through a process of liquidation, bitcoins in the vault would be completely insulated and vault users would have clear title to them.

Flix: /* Full Reserve */

2016-05-27T22:18:18Z

Full Reserve

← Older revision		Revision as of 22:18, 27 May 2016
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	The company has raised a total of $40 million as of August 2014.		The company has raised a total of $40 million as of August 2014.

	==Full Reserve==		==Full Reserve Banking==
	The Xapo vault holds client bitcoins following a [[~~full reserve banking~~]] and fully segregated model. Users can verify that their funds are in an individual multi-signature Bitcoin address and not pooled or co-mingled with other users' funds. Legal title to vault bitcoins is always users', with the property registered in their name following the model of allocated ([[bailment]]) gold contracts and never loaned, invested or put at risk. In case of Xapo going bankrupt or going through a process of liquidation, bitcoins in the vault would be completely insulated and vault users would have clear title to them.		The Xapo vault holds client bitcoins following a [[Full Reserve Banking]] and fully segregated model. Users can verify that their funds are in an individual multi-signature Bitcoin address and not pooled or co-mingled with other users' funds. Legal title to vault bitcoins is always users', with the property registered in their name following the model of allocated ([[bailment]]) gold contracts and never loaned, invested or put at risk. In case of Xapo going bankrupt or going through a process of liquidation, bitcoins in the vault would be completely insulated and vault users would have clear title to them.

Flix: Full Reserve

2016-05-27T22:17:46Z

Full Reserve

← Older revision		Revision as of 22:17, 27 May 2016
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	The company has raised a total of $40 million as of August 2014.		The company has raised a total of $40 million as of August 2014.

			==Full Reserve==
			The Xapo vault holds client bitcoins following a [[full reserve banking]] and fully segregated model. Users can verify that their funds are in an individual multi-signature Bitcoin address and not pooled or co-mingled with other users' funds. Legal title to vault bitcoins is always users', with the property registered in their name following the model of allocated ([[bailment]]) gold contracts and never loaned, invested or put at risk. In case of Xapo going bankrupt or going through a process of liquidation, bitcoins in the vault would be completely insulated and vault users would have clear title to them.

Flix at 16:33, 11 April 2016

2016-04-11T16:33:39Z

← Older revision		Revision as of 16:33, 11 April 2016
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	Xapo is a Switzerland-based company that provides a bitcoin wallet combined with a cold storage vault and a bitcoin-based debit card. Xapo CEO and entrepreneur Wences Casares became interested in bitcoins because of the frequent financial fluctuations in his native Argentina.		Xapo is a Switzerland-based company that provides a bitcoin wallet combined with a cold storage vault and a bitcoin-based debit card. Xapo CEO and entrepreneur Wences Casares became interested in bitcoins because of the frequent financial fluctuations in his native Argentina.

	Xapo announced $20 million Series A funding in March 2014.~~<ref name="Re/Code March 2014" />~~ The funding round was led by [[Benchmark (venture capital firm)\|Benchmark]], with participation from [[Fortress Investment Group]], [[Pantera Capital]], and Ribbit Capital.~~<ref name="Re/Code March 2014" />~~ Benchmark partner [[Matt Cohler]] said the VC firm backed Xapo in part because Xapo “is led by one of the most important people in the bitcoin ecosystem, it’s insured and has investors from both [[Silicon Valley]] and [[Wall Street]].”		Xapo announced $20 million Series A funding in March 2014. The funding round was led by [[Benchmark (venture capital firm)\|Benchmark]], with participation from [[Fortress Investment Group]], [[Pantera Capital]], and Ribbit Capital. Benchmark partner [[Matt Cohler]] said the VC firm backed Xapo in part because Xapo “is led by one of the most important people in the bitcoin ecosystem, it’s insured and has investors from both [[Silicon Valley]] and [[Wall Street]].”

	The company has raised a total of $40 million as of August 2014.~~<ref name="The Verge"/>~~		The company has raised a total of $40 million as of August 2014.

	~~==References==~~
	~~<references />~~

Flix: /* References */

2016-04-11T16:33:02Z

References

← Older revision		Revision as of 16:33, 11 April 2016
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	==References==		==References==
	~~{{Reflist}}~~		<references />

Flix: xapo refs

2016-04-11T16:32:21Z

xapo refs

← Older revision		Revision as of 16:32, 11 April 2016
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	The company has raised a total of $40 million as of August 2014.<ref name="The Verge"/>		The company has raised a total of $40 million as of August 2014.<ref name="The Verge"/>

			==References==
			{{Reflist}}