BEREA, KY – Executive management and board members from 10XTS and Commercium Bank will join industry leaders and banking professionals at the Kentucky Bankers Association (KBA) Innovations in Banking Conference on October 14, held at Eastern Kentucky University. The conference, presented in partnership with the Kentucky Bankers Association and Eastern Kentucky University, will convene community banks, regulators, and industry experts to discuss the latest advancements and best practices in banking innovation.
10XTS Leads Digital Asset Innovation in Banking
Commercium Bank, incubated by 10XTS, recently obtained charter approval for a Wyoming Special Purpose Depository Institution (SPDI) license, positioning it as one of the few institutions in the U.S. authorized under Wyoming’s innovative SPDI framework. This license enables Commercium Bank to develop and provide secure custody solutions specifically designed for digital securities in the capital markets industry. Additionally, Commercium Bank is exploring business strategies around stablecoins and blockchain-aligned banking services, signaling a strong commitment to advancing blockchain-based financial products within the regulatory framework.
“We’re excited to participate in the KBA Innovations in Banking Conference and discuss how digital assets are transforming traditional banking,” said Michael Hiles, CEO of 10XTS. “Our work with Commercium Bank is focused on creating compliant, forward-thinking solutions for digital asset custody and capital markets, offering community banks a pathway to adapt to the rapidly changing financial landscape.”
Supporting Blockchain and Digital Asset Legislation in Kentucky
10XTS has a long-standing commitment to blockchain innovation and has been instrumental in establishing the Blockchain Working Group in Kentucky, which operates under legislative direction. With Kentucky’s current legislative session considering SPDI legislation and other bills to support digital asset products and services for state banks, 10XTS continues to work with lawmakers to introduce policies that allow Kentucky’s banking sector to engage with blockchain technology and digital assets responsibly.
About the Kentucky Bankers Association Innovations in Banking Conference
The Innovations in Banking Conference provides community banks with a platform to explore fintech partnerships, regulatory updates, and best practices for modernization in community banking. This event, held at Eastern Kentucky University, will include presentations from national speakers, panel discussions, and research sessions on the latest in bank innovation.
A highlight of this year’s conference will be a keynote session by Al Forkner, Commissioner of the Wyoming Division of Banking, who will share insights into Wyoming’s pioneering regulatory approaches, including its SPDI framework for digital assets.
The event will gather community bank executives, regulators, and business school faculty and students, fostering an environment of collaboration and knowledge-sharing as community banks adapt to an increasingly digital economy.
Event Registration
For more information or to register for the KBA Innovations in Banking Conference, please visit the official event website: https://www.kybanks.com/bankinginnovation.
