Reported 1 day ago
Custodia Bank and Vantage Bank Texas have launched a live network for tokenized deposits, allowing U.S. banks to issue tokens representing insured deposits while complying with U.S. banking laws. This innovative platform enables institutions to leverage blockchain technology while maintaining regulatory protections, distinguishing tokenized deposits from traditional currencies and stablecoins. As smaller banks gain access to this system, there’s potential for a more efficient, compliant payment network that operates within existing frameworks.
Source: YAHOO