On June 29, 2021, the Wyoming State Division of Banking held a hearing to review the charter application submitted by Commercium Bank.

Commercium Bank is an independent financial institution incubated by 10XTS, who worked from spring until December of 2020 to complete an extensive application for a Special Purpose Depository Institution (SPDI) state bank charter under Wyoming law.

10XTS began exploring the acquisition of a chartered bank in 2018 with an eye towards the future of financial services and blockchain solutions. The hearing is a culmination of tremendous efforts by the team to complete an application and develop the company.