George Davis is the CEO and founder of Lorum, a 100% reserve global clearing bank with direct central bank relationships. He previously founded a machine learning startup at 18, worked at TrueLayer (open banking), and co-founded BVNK as CPO in the crypto cross-border payments space.
Citi's TTS (Treasury and Trade Services) is the most valuable part of their business and has kept their valuation high because it keeps treasury on-platform, enabling currency hedging, interest on T-bills, and wholesale FX liquidity globally.
Lorum operates as a 100% reserve clearing institution with direct central bank relationships, replacing correspondent banks that delay payments for overnight interest. Achieved 80% month-on-month growth for six months (tripling quarterly) and 200% MoM on USD clearing, with only $4M spent of >$20M raised.
Tokenized money market funds (e.g., BlackRock's) allow financial institutions to move in and out of funds 24/7, earning interest on FX liquidity pools without leaving the platform — a powerful complement to clearing infrastructure.