Crypto-friendly banks Custodia Bank and Vantage Bank have launched a one-stop blockchain solution that allows traditional banks to issue tokenized deposits that work in tandem with stablecoins.
The two banks said in a statement released Thursday that the solution allows banks to leverage blockchain for near-instant, low-cost transactions and interbank interoperability while still retaining customer deposits.
"This patent-protected framework is designed to provide institutions and their clients with the efficiency and security of tokenisation, while protecting core deposits from the risk of being transferred to other platforms," the statement said.
The so-called tokenized deposits are digital versions of bank deposits issued by banks on the blockchain, representing real dollar assets held by banks.
Custodia and Vantage Bank Launch Tokenized Deposit Platform
2025-10-24 00:37:50
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