Bankex is blockchain protocol and exchange that aims to solve some of the issues related to lack of trust in traditional financial systems. Bankex had one of the largest ICOs in history, where it raised $70.6 million. Bankex facilitates the digitization, tokenization and exchange of physical assets. The company also wants to encourage banks to integrate blockchain. They provide financial institutions with an API that can be used to develop bank-as-a-service (“BaaS”) applications. Bankex's platform would enable decentralized financing that is publicly auditable. This would introduce new sources of capital from real assets, and increase their liquidity. The platform is powered by the Bankex token (BKX).

Cashaa is developing a crypto friendly banking platform. Cashaa hopes to create a bank that can leverage the benefits of crytpocurrencies and provide a range of financial services to both individuals and businesses. Cashaa's blockchain-based banking platform enables its users to store, save, spend, receive, borrow and get insured, with a simplified user experience, while remaining compliant with regulatory agencies. Their network is powered by the Ethereum-based CAS token.