Feb 20, 2025
San Francisco, CA, February 20, 2025 – Metallicus, a leader in blockchain technology for financial institutions, announced Bay Federal Credit Union’s participation in its Metal Blockchain Banking Innovation Program. This initiative allows Bay Federal to explore blockchain technology as a complement to traditional finance, reinforcing its commitment to innovation and security while ensuring that its members benefit from advancements in financial technology.
"Bay Federal Credit Union’s enrollment in our Banking Innovation Program is a key step in incubating blockchain and banking solutions alongside an expanding network of credit unions, CUSOs, and fintechs," expressed Frank Mazza, Director of Blockchain for Institutions & Fintechs at Metallicus. "As institutions advance through the program and deploy use cases, they connect to The Digital Banking Network, reducing transaction costs, enhancing operational efficiency, and providing greater services for their members."
"At Bay Federal, we are committed to innovating for the benefit of our members’ financial well-being. Partnering with Metallicus allows us to explore blockchain solutions that enhance efficiency, security, and accessibility, ensuring we remain at the forefront of the ever-evolving digital banking landscape," said Carrie Birkhofer, President and CEO of Bay Federal Credit Union.
The Metal Blockchain Banking Innovation Program helps institutions research opportunities and implement customized blockchain solutions that align with regulatory standards such as BSA Compliance while addressing specific operational needs. By exploring use cases such as Stablecoins, Cryptocurrency, Digital Identity, SSO, Private Subnets, and Tokenization of Assets, the program equips institutions with tools to improve security, reduce costs, mitigate risks, and enhance member services.
The Digital Banking Network (TDBN), Metallicus’s open-source blockchain banking protocol, enables credit unions and banks to deploy private subnets while maintaining bridgeless interoperability with other institutions on the network. This infrastructure supports instant global payments, digital identity management, and secure access to decentralized financial products, helping financial institutions provide more seamless and secure services.
