2 months ago
Custodia Bank and Vantage Bank person completed the tokenization of U.S. dollar request deposits connected the Ethereum mainnet.
The banks issued and redeemed Custodia's Avit stablecoins connected the Ethereum mainnet, marking a large milestone successful blockchain-based banking innovation.
They conducted a bid of 8 regulated trial transactions, involving minting, transferring, and redeeming Avit tokens nether afloat U.S. banking compliance, including BSA/AML/OFAC regulations.
Vantage Bank handled fiat reserves and accepted banking services (Fedwire/ACH), portion Custodia oversaw blockchain functions specified arsenic issuance, custody, and reconciliation done its Avit Management System.
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