As per Crypto.News, U.S. banks Custodia and Vantage have launched a blockchain-based platform for tokenized deposits and stablecoin support. The solution allows traditional banks to integrate digital asset services within existing online banking systems. The platform, which operates on a patent-protected framework, supports stablecoin compliance under the GENIUS Act and has been tested in pilot programs for payments and supply chain use cases. Custodia, a Wyoming-based crypto-friendly bank, and Vantage, a Texas-based community bank, have invited other financial institutions to join a consortium to tokenize deposits securely while maintaining control over their wallets. The platform leverages Custodia’s SOC 2 Type II compliant blockchain infrastructure and Infinant’s Interlace payment network. It has been in development since early 2023 and has already been tested in cross-border payments, supply chain settlements, and payroll solutions.
Custodia and Vantage Bank Launch Tokenized Deposit Platform for U.S. Banks
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