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List of Provenance Blockchain Labs Customers

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Logo Customer Industry Empl. Revenue Country Vendor Application Category When SI Insight
Amerant Bank Banking and Financial Services 692 $317M United States Provenance Blockchain Foundation Provenance Blockchain Labs Blockchain Platform 2022 n/a
In 2022, Amerant Bank implemented Provenance Blockchain Labs, a Blockchain Platform provided by the Provenance Blockchain Foundation, to participate in the USDF Consortium network for tokenizing bank deposits. The Provenance Blockchain Labs deployment is positioned to support issuance of interoperable bank tokens within the regulatory perimeter, enabling 24/7 interbank transfers while tokens remain issued by FDIC insured banks. The implementation emphasized tokenization and on‑chain settlement capabilities typical of a Blockchain Platform, including token issuance workflows, settlement rails for interbank value movement, compliance controls aligned with bank custody and customer account mapping, and automated reconciliation of on‑ledger tokens to deposit ledgers. Configuration work focused on enabling bank-issued token lifecycle management and interoperability across consortium members. Operational integration centers on consortium-level interoperability, with Amerant Bank using Provenance Blockchain Labs to transact with other USDF members on the shared network. The network architecture relies on the Provenance blockchain technology that underpins the USDF Consortium, and the consortium structure and membership rules drive operational coverage across participating US banks rather than direct third-party system integrations being reported. Governance and rollout have been managed through the USDF Consortium, which broadened membership criteria and engaged Piper Sandler to recruit additional banks. Consortium statements and reporting indicate total assets managed by member banks surpassed $200 billion, and the consortium’s stated goal is to enable faster, lower cost transactions in a compliant fashion through bank-issued interoperable tokens.
Apollo Global Management Banking and Financial Services 6104 $26.1B United States Provenance Blockchain Foundation Provenance Blockchain Labs Blockchain Platform 2022 n/a
In 2022, Apollo Global Management deployed Provenance Blockchain Labs to underpin a digitally-native fund issuance and lifecycle model. Provenance Blockchain Labs is a Blockchain Platform used to represent fund interests as on-chain instruments and to automate lifecycle events through smart contract orchestration. The implementation emphasizes tokenization, programmable ownership, and an auditable ledger layer for issuance and continuous tracking of investor positions. Configuration centered on smart contract templates for share issuance, on-chain transfer controls, and API endpoints to support external operational workflows. Operational scope included fund operations and investor services within Apollo Global Management, and business functions impacted include issuance, transfer processing, corporate actions, and investor recordkeeping. Governance and process changes adapted fund lifecycle controls to incorporate on-chain reconciliation and event-driven lifecycle triggers, aligning traditional fund administration workflows with the Provenance Blockchain Labs Blockchain Platform.
Atlantic Union Bank Banking and Financial Services 3160 $857M United States Provenance Blockchain Foundation Provenance Blockchain Labs Blockchain Platform 2022 n/a
In 2022, Atlantic Union Bank implemented Provenance Blockchain Labs, a Blockchain Platform, as part of the USDF Consortium's decision to move from a public network to a private, permission-based blockchain to address banking regulators' concerns. The shift was coordinated across the consortium, which includes Atlantic Union Bank and eight other participating banks, and leverages the Provenance technology stack developed by Figure Technologies. Provenance Blockchain Labs was configured to support core token lifecycle functions including minting, transferring and burning USDF tokens, with wallet-based controls where banks enforce know-your-customer due diligence. The implementation emphasized permissioning controls and access governance typical of a Blockchain Platform, enabling role-based access, transaction validation policies and auditable transaction records to align with supervised digital asset activity definitions. Architecturally the deployment reuses the same underlying Provenance stack that powered the prior public network, which reduced technical rework while enabling a private, permissioned network topology operated by consortium participants and the vendor foundation. The consortium built the technology and is working with federal banking agencies, the OCC, the FDIC and the Federal Reserve, to document controls and obtain the written or performance approvals required for banks to engage in token issuance and interbank transfers. Operational scope focuses on interbank payments and tokenized U.S. dollar settlement workflows, affecting treasury, payments and compliance functions at participating banks including Atlantic Union Bank. Governance and workflow changes include KYC-gated wallet policies, consortium-level transaction governance and an established regulatory engagement cadence to secure agency clarity before the network goes live.
ConnectOne Bank Banking and Financial Services 489 $270M United States Provenance Blockchain Foundation Provenance Blockchain Labs Blockchain Platform 2022 n/a
In 2022, ConnectOne Bank implemented Provenance Blockchain Labs on the Blockchain Platform to participate in the USDF Consortium initiative to tokenize bank deposits. The deployment positioned Provenance Blockchain Labs as the token issuance and settlement layer enabling interoperable, bank issued deposit tokens for 24/7 interbank transfers. The implementation leveraged the Provenance blockchain network to represent deposit balances as tokenized assets, using tokenization and on chain transfer primitives typical of a Blockchain Platform. Provenance Blockchain Labs was used to control token lifecycle functions including issuance by FDIC insured banks, transfer orchestration across consortium members, and custody oriented workflows that preserve compliance controls. Operationally the work was integrated at the consortium level, joining founders and cofounders including New York Community Bank, NBH Bank, FirstBank, Sterling National Bank, Synovus Bank, JAM FINTOP, and Figure Technologies which created the network on Provenance. The effort is focused on payments and treasury functions inside participating banks, and ConnectOne Bank’s Chairman and CEO Frank Sorrentino III framed the move as employing blockchain within the regulatory perimeter to meet client needs. Consortium governance and membership rules were adjusted as the group broadened access, Piper Sandler was announced to assist in recruiting new banks, and total assets held by member banks surpassed two hundred billion dollars after the expansion. USDF leadership noted that as new members join the network value grows, while the implementation preserves issuer level controls because tokens are issued directly by participating FDIC insured banks.
FB Financial Corporation Banking and Financial Services 1490 $457M United States Provenance Blockchain Foundation Provenance Blockchain Labs Blockchain Platform 2022 n/a
In 2022, FB Financial Corporation implemented Provenance Blockchain Labs, a Blockchain Platform, to participate as a founding bank in the USDF Consortium and enable bank-minted USDF stablecoin issuance on the public Provenance Blockchain. The implementation positioned FB Financial to support USDF issuance that is redeemable one to one for cash from a Consortium member bank and to enable compliant on-chain transfers for retail and institutional customers. Provenance Blockchain Labs was configured to deliver core token lifecycle capabilities typical of a Blockchain Platform, including minting, redemption, and on-chain settlement workflows. The deployment emphasized real time payment settlement, peer to peer and business to business transfers, and support for capital call financing, invoice and supply chain finance, aligning platform configuration with stated Consortium use cases. The implementation leveraged the public Provenance Blockchain ledger as the settlement layer for tokenized value. Operational coverage targeted banking business functions such as treasury, payments, commercial lending, and custody services while remaining governed by Consortium rules. Governance and rollout oversight were managed through the USDF Consortium Board of Directors, which includes founding banks and Figure Technologies and which defines membership, minting rules, and compliance expectations. Compliance controls implemented reflect FDIC insured bank issuance, one to one cash redeemability, and adherence to anti money laundering standards to satisfy safety and soundness requirements. The Provenance Blockchain Labs deployment enabled FB Financial Corporation to integrate bank minted stablecoin processes into existing banking operations and to explore on-chain applications cited by the Consortium, including securities settlement and loan syndications. The configuration prioritized interoperable on-chain payment rails and token lifecycle governance to support wider adoption by other FDIC insured institutions.
Banking and Financial Services 6993 $2.6B United States Provenance Blockchain Foundation Provenance Blockchain Labs Blockchain Platform 2021 n/a
Banking and Financial Services 4000 $1.2B United States Provenance Blockchain Foundation Provenance Blockchain Labs Blockchain Platform 2022 n/a
Consumer Packaged Goods 650 $206M United Kingdom Provenance Blockchain Foundation Provenance Blockchain Labs Blockchain Platform 2020 n/a
Banking and Financial Services 592 $170M United States Provenance Blockchain Foundation Provenance Blockchain Labs Blockchain Platform 2022 n/a
Consumer Packaged Goods 7000 $2.3B United Kingdom Provenance Blockchain Foundation Provenance Blockchain Labs Blockchain Platform 2020 n/a
Showing 1 to 10 of 13 entries

Buyer Intent: Companies Evaluating Provenance Blockchain Labs

ARTW Buyer Intent uncovers actionable customer signals, identifying software buyers actively evaluating Provenance Blockchain Labs. Gain ongoing access to real-time prospects and uncover hidden opportunities. Companies Actively Evaluating Provenance Blockchain Labs for Blockchain Platform include:

  1. Truist Bank, a United States based Banking and Financial Services organization with 37086 Employees

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FAQ - APPS RUN THE WORLD Provenance Blockchain Labs Coverage

Provenance Blockchain Labs is a Blockchain Platform solution from Provenance Blockchain Foundation.

Companies worldwide use Provenance Blockchain Labs, from small firms to large enterprises across 21+ industries.

Organizations such as Apollo Global Management, Synovus Bank, Flagstar Bank, Webster Bank and Princes Group are recorded users of Provenance Blockchain Labs for Blockchain Platform.

Companies using Provenance Blockchain Labs are most concentrated in Banking and Financial Services and Consumer Packaged Goods, with adoption spanning over 21 industries.

Companies using Provenance Blockchain Labs are most concentrated in United States and United Kingdom, with adoption tracked across 195 countries worldwide. This global distribution highlights the popularity of Provenance Blockchain Labs across Americas, EMEA, and APAC.

Companies using Provenance Blockchain Labs range from small businesses with 0-100 employees - 7.69%, to mid-sized firms with 101-1,000 employees - 30.77%, large organizations with 1,001-10,000 employees - 61.54%, and global enterprises with 10,000+ employees - 0%.

Customers of Provenance Blockchain Labs include firms across all revenue levels — from $0-100M, to $101M-$1B, $1B-$10B, and $10B+ global corporations.

Contact APPS RUN THE WORLD to access the full verified Provenance Blockchain Labs customer database with detailed Firmographics such as industry, geography, revenue, and employee breakdowns as well as key decision makers in charge of Blockchain Platform.