Forty Seven Bank ICO (FSBT)

We are connecting financial worlds

The mission of Forty Seven Bank and management team is to provide safe, innovative and user-friendly financial services and products to our customers – individuals, businesses, developers, traders, financial and governmental institutions. Forty Seven Bank is a bridge capable of connecting two financial worlds and establishing efficient communication between them, a communication that will open up possibilities to level up whole modern financial system.

Banking Cryptocurrency

by expert rating and reviews

Token FSBT
Platform Ethereum
Price 1 FSBT = 0.0047 ETH
Country Latvia
ICO Start Date 16 Dec 2017
ICO End Date 31 Mar 2018

About Forty Seven Bank

Forty Seven Bank will be a fully digital innovative branchless financial institution which complies with all EU directives, Basel III, Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England requirements.

The bank is going to be specialising in digital finance services by fully supporting cryptocurrencies and traditional fiat currencies. Basic cryptocurrency procedures include sale and purchase features, investment and exchange options and crypto-saving and current accounts. Multi-Asset Account will be one of the featured innovative products oered by Forty Seven Bank – it will allow customers to have access to all their accounts in dierent banks and crypto wallets as well as to their investments and savings in cryptocurrency and fiat equivalents via single application. It will be possible to operate with each asset type accordingly by having only one Multi-Asset Account at Forty Seven Bank.

We will oer unique crypto products like bonds, futures and options. Our goal is to invent such market- place and take the leading position in both short and long-term perspectives. Companies will be able to attract finances via product invented by Forty Seven Bank – Cryptobonds. Cryptobonds will be traded on various exchange platforms (mainly at the one developed by Forty Seven Bank).


Aleksandrs Malins member of Forty Seven Bank ICO
Aleksandrs Malins
Chief Executive Officer, Member of the Board
Igors Astapčiks member of Forty Seven Bank ICO
Igors Astapčiks
Chief Operational Officer, Member of the Board
Vladimirs Tomko member of Forty Seven Bank ICO
Vladimirs Tomko
Chief Marketing Officer, Member of the Board
Mihails Skoblovs member of Forty Seven Bank ICO
Mihails Skoblovs
Chief Financial Officer, Member of the Board
Aristoteles Vargas member of Forty Seven Bank ICO
Aristoteles Vargas
Head of Financial Market Development Department, Member of the Board
Anton Azamatov member of Forty Seven Bank ICO
Anton Azamatov
Chief Technical Officer
Jevgenijs Plams member of Forty Seven Bank ICO
Jevgenijs Plams
Blockchain Developer
Edgars Abols member of Forty Seven Bank ICO
Edgars Abols
Chief Legal Officer
Lilija Kovaļčuka member of Forty Seven Bank ICO
Lilija Kovaļčuka
Art Director
Jevgenijs Lesevs member of Forty Seven Bank ICO
Jevgenijs Lesevs
Head of Internal Audit
Vitalijs Grundsteins member of Forty Seven Bank ICO
Vitalijs Grundsteins
Project Manager
Kristiāna Štauere member of Forty Seven Bank ICO
Kristiāna Štauere
Lead Analyst
Nana Zhang member of Forty Seven Bank ICO
Nana Zhang
Community Manager (Asia)
Evgeny Bezgodov member of Forty Seven Bank ICO
Evgeny Bezgodov
Chief Operational Officer, Deiteriy
Alexander Chernyakevich member of Forty Seven Bank ICO
Alexander Chernyakevich
Chief Technical Officer, Scand
Morten Hansen member of Forty Seven Bank ICO
Morten Hansen
Head of Economics Department, Stockholm School of Economics in Riga
Dmitry Dudin member of Forty Seven Bank ICO
Dmitry Dudin
Head of Products and Services Development Department, XB Software
Artem Kushik member of Forty Seven Bank ICO
Artem Kushik
Business Analyst, Crédit Agricole CIB
Igors Danilovs member of Forty Seven Bank ICO
Igors Danilovs
CFA, Senior Portfolio Manager, Swedbank
Inna Krievane member of Forty Seven Bank ICO
Inna Krievane
Financial Analyst, Argus Vickers
Eva Iova member of Forty Seven Bank ICO
Eva Iova
Creative Director, IOVA


  • 1

    October 2016

    Elaboration of concept of a modern bank that will work with cryptocurrencies and fiat money

  • 2

    February 2017

    Formation of a team, research, market analysis

  • 3

    March 2017

    Detailed project plan elaboration

  • 4

    April 2017

    Bank’s financial model construction, preliminary calculations

  • 5

    May 2017

    Idea of administering project’s crowdfunding

  • 6

    June 2017

    Preparation of documentation for crowdfunding administering

  • 7

    October 2017

    Start of crowdfunding via Token Launch

  • 8

    December 2017

    Successful completion of Token Launch, summing up

  • 9

    January 2018

    Procedures elaboration and creation of document base for the company

  • 10

    February 2018

    Software infrastructure deployment

  • 11

    April 2018

    Applying for EMI, PI authorisation at FCA

  • 12

    May 2018

    Integration with SWIFT system

  • 13

    June 2018

    Certification according to QSA PCI DSS Level 1 standard

  • 14

    July 2018

    Obtaining EMI, PI licenses, and authorisation for activity from FCA

  • 15

    August 2018

    Launch of services for FSBT tokens holders

  • 16

    September 2018

    Launch of services for private clients

  • 17

    November 2018

    Submission of documents to obtain banking license

  • 18

    May 2019

    Obtaining banking license, launch of services for business clients

  • 19

    June 2019

    Start of providing full-scale banking services


Token Sale Info
Token FSBT
Token Type ERC20
Platform Ethereum
Price in ICO 1 FSBT = 0.0047 ETH
Tokens for Sale 11063830
Investment info
Accepting ETH, BTC, Fiat
Soft cap 3,600 ETH
Hard cap 36,000 ETH

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