Markets, Custodia financial institution, Ethereum They performed a collection of eight regulated check transactions, involving minting, transferring, and redeeming Avit tokens underneath full U.S. banking compliance.
Custodia Bank and Vantage Bank have accomplished the tokenization of U.S. greenback demand deposits on the Ethereum mainnet.
The banks issued and redeemed Custodia’s Avit stablecoins on the Ethereum mainnet, marking a significant milestone in blockchain-based banking innovation.
They performed a collection of eight regulated check transactions, involving minting, transferring, and redeeming Avit tokens underneath full U.S. banking compliance, together with BSA/AML/OFAC laws.
Vantage Bank dealt with fiat reserves and conventional banking providers (Fedwire/ACH), whereas Custodia oversaw blockchain capabilities similar to issuance, custody, and reconciliation by its Avit Management System.
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