Attic Lab, a fintech company, and  Polybius Bank, a regulated bank for the blockchain generation, have signed a memorandum of understanding (MoU) in order to offer a blockchain-powered new digital bank, Banking Technology reported.

Under the MoU, Polybius Bank will make use of Attic’s blockchain platform ‘OpenBankIT’ to offer payments to users. According to the bank, it is the first European bank that is specializing in financial services for those companies dealing with cryptocurrencies and blockchain, across the globe.

“The bank will be ready for the Payment Services Directive (PSD2) and will offer ‘flexible and programmable APIs’,” Pavel Kravchenko, co-founder of Attic, stated.

The collaboration between Attic and Polybius will offer services as credits secured by cryptocurrencies, the creation of investment portfolios that are based on digital currencies, as well as personal identification with the help of blockchain technology.

Polybius Bank’s Foundation involves CryptoPay, a cryptocurrency payments firm, HashCoins, a developer of blockchain solutions, and AmbiSafe, a developer of Ethereum smart contracts.

Last December, Attic Lab signed an agreement with Kiev-based Alparibank to integrate the Smart Money banking system on blockchain technology and to launch e-money accounting infrastructure of ‘Prostir’ national payment system.