# Wallex Neobanking

> Wallex Neobanking is the consumer-facing digital asset account platform associated with WALLEX CUSTODY UAB in Lithuania. Its published product documentation combines custodial wallets, fiat and crypto exchange, transfers, virtual IBANs and prepaid cards, with services allocated across different Wallex entities and restricted by jurisdiction.

- **Founded:** 2021
- **Headquarters:** Vilnius, Lithuania
- **Founders:** Simone Mazzuca (Founder and CEO of the wider Wallex group; listed director of Wallexcustody UAB)
- **Products:** Wallex Neobanking / Wallex Neo, Custodial digital asset wallet, Fiat and crypto exchange, Virtual IBAN accounts, Wallex Card
- **Notable:** 2023 FinTech Breakthrough Cryptocurrency Innovation Award announced by Wallex on LinkedIn., Wallex.US became title sponsor of the 2023 U.S. Open of Surfing.

## Products & services

- **Wallex Neobanking / Wallex Neo** — Documented web and mobile interface for fiat and digital asset accounts, exchange, transfers and payments.
- **Custodial digital asset wallet** — Store and transfer supported digital assets through an account-based custody service.
- **Fiat and crypto exchange** — Buy, sell or swap supported assets; documentation also describes automatic conversion of incoming crypto.
- **Virtual IBAN accounts** — Product material describes virtual accounts for receiving fiat payments; currency and regional access depend on the offering.
- **Wallex Card** — Published guide describes a prepaid debit card funded from fiat or crypto accounts.
- **Earn & Savings and WX-Credit** — Advertised crypto saving plans and crypto-backed credit; not equivalent to insured bank savings and subject to separate terms.
- **WallexLab** — Wider group offering for white-label financial infrastructure and integrations.

## Achievements

- 2023 FinTech Breakthrough Cryptocurrency Innovation Award announced by Wallex on LinkedIn.
- Wallex.US became title sponsor of the 2023 U.S. Open of Surfing.

## Latest updates

- **2026-01** — Telenuovo reported complaints from Fidea investors alleging capital had been managed through Wallex Bank and repayments remained outstanding. The report described a possible March 31, 2026 repayment date, not completed repayments or a court finding.
- **2024-07** — British Columbia Securities Commission warned that Wallex Global was neither recognized as an exchange nor registered as a dealer in BC.
- **2024-07** — In a Tribuna di Treviso interview, Mazzuca denied involvement in alleged wrongdoing at New Financial Technology and described Wallex’s work as custody services.

## Links

- Website: https://wallex.global/
- LinkedIn: https://www.linkedin.com/company/wallex-global
- Twitter/X: https://x.com/wallex_official

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Profile page: https://yespress.io/wallex-neobanking
Published by YesPress — https://yespress.io
Last updated: 2026-10-25