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Custodia, Vantage Bank Launch Tokenized Bank Deposit Consortium

The pair have launched a tokenization consortium for community and regional banks.
Custodia, Vantage Bank Launch Tokenized Bank Deposit Consortium
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Custodia Bank and Vantage Bank have partnered to create a first-of-its-kind platform for U.S. community and regional banks to issue and manage tokenized deposits.

What's the Scoop?

  • Tokenization for Every Bank: A new consortium created by Custodia and Vantage Bank aims to help other banks and credit unions integrate tokenized deposits and stablecoins directly into their traditional banking environments.
  • Interoperability Capabilities: The system is designed to unify stablecoins and bank deposits, and will settle shifts in tokenized deposit balances between banks using Avit, Custodia's GENIUS-compliant stablecoin.
  • Regulatory Edge: The consortium is recognized as a “permitted payment stablecoin issuer” under the GENIUS Act, providing members with the ability to adopt tokenized payment solutions while remaining fully compliant.
  • Open Access: In contrast to large banks’ closed platforms, the Custodia and Vantage model emphasizes open participation. Any community or regional bank can join, tokenize deposits, and transact securely with peers while preserving deposit stability and full regulatory compliance.

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Jack Inabinet

Written by Jack Inabinet

513 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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