The bank was registered in January and is in the process of applying for a bank charter. : Avanti Financial Group, the crypto-focused bank backed by Caitlin Long, has announced on Tuesday the closure of a $5 million angel round. The University of Wyoming Foundation led the funding round with participation from Morgan Creek Digital, Blockchain Capital, Digital Currency Group, Lemniscap, Madison Paige Ventures, and Malex Enterprises, among others.