Particle.news
Download on the App Store

Custodia and Vantage Unveil Live Tokenized-Deposit Network for U.S. Banks

A new consortium invites institutions to issue blockchain-recorded dollars within core systems under a framework positioned for GENIUS Act compliance.

Overview

  • The platform moves from pilots to a live network for issuing tokens that represent insured bank deposits, with final regulatory approval still required to scale.
  • A single smart-contract design allows the same token to function as a bank deposit or as a payment stablecoin across holders without redemption.
  • Custodia says the system runs on permissionless networks and uses Infinant’s APIs and Interlace infrastructure to manage interoperability and token switching.
  • Member banks and credit unions keep control of their own wallets in a consortium model intended to keep tokenized dollars within the regulated banking environment.
  • Custodia reports SOC 2 Type II certification, prior pilots in cross-border payments, supply chain settlement, construction disbursements and payroll, and an Avit stablecoin designed to interoperate with tokenized deposits.