<ul><li>Custodia Bank and Vantage Bank have completed the first-ever tokenization of a U.S. bank's demand deposits on a permissionless blockchain.</li><li>The tokenization involved issuing, transferring, and redeeming Avit stablecoins for a bank customer, activating a new U.S. dollar payment rail within the U.S. banking system.</li><li>The series of test transactions demonstrated several efficiencies, including low transaction costs, fast settlement, programmability, and auditability.</li><li>The banks complied with all applicable U.S. bank regulatory requirements and collaborated closely with regulators to ensure regulatory compliance.</li></ul>

Custodia Bank and Vantage Bank Issue America’s First Bank-Issued Stablecoin On A Permissionless Blockchain

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