🔥🔥 JUST IN: Custodia & Vantage Bank Launch Nationwide Tokenized Deposit Platform! 🏦🔗
This is a HUGE step for TradFi meeting Web3. Custodia Bank and Vantage Bank Texas have officially expanded their tokenized deposit platform across the U.S.
Key Takeaways:
* Tokenized Deposits & Stablecoins: The platform allows banks to issue a single digital token that can function as both a tokenized bank deposit AND a GENIUS Act-compliant stablecoin (like Custodia's Avit™).
* Regulatory Compliance: Designed to be fully compliant, enabling tokens to shift between regulatory categories while maintaining clear oversight.
* Bridging Finance: This is a major move to bridge traditional banking with blockchain, offering the efficiencies of tokenization (instant, low-cost settlement) while safeguarding customer deposits.
* Open to All Banks: The platform is a consortium open to banks and credit unions of all sizes.
Could this be the future of payments? Will more banks join the tokenized movement?
#CryptoNews #Tokenization #RealWorldAssets #RWA #TradFi #DeFi #Banking #Stablecoins #WriteToEarn #Write2Earn #Bank #crypto
