Allscale just secured a $5 million funding round, and it's worth paying attention to what they're building. This self-custody neobank is tackling one of crypto's biggest friction points — the gap between traditional banking convenience and true ownership.

The round was led by a prominent Web3 venture fund, with backing from the Aptos ecosystem as well. That's a solid vote of confidence.

What makes Allscale interesting? They're not asking users to choose between control and usability. The self-custody model means you hold your keys, but the neobank infrastructure aims to deliver the seamless experience people expect from modern fintech. It's a bridge product — crypto-native custody wrapped in familiar UX.

Still early days, but the capital and backers suggest there's real momentum here. Could be one to watch as the self-custody banking narrative heats up.