In brief
- Custodia and Vantage have unveiled a live network for tokenized deposits across U.S. banks.
- The system enables switching between deposits and GENIUS Act–compliant stablecoins.
- The platform awaits final regulatory approval to start at scale, Custodia CEO Caitlin Long confirmed with Decrypt.
Custodia Bank and Vantage Bank Texas have unveiled a live platform for tokenized deposits, expanding their earlier pilot into a nationwide network for U.S. banks.
The new platform, announced Thursday, allows participating institutions to issue tokens that represent insured deposits—essentially putting traditional bank money on a blockchain while keeping all the usual protections and regulations in place.
That also makes the tokens compliant with U.S. banking laws and the GENIUS Act, which recognizes certain bank-issued stablecoins as deposit instruments rather than securities.
How it works
The tokens are l
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Author: Vince Dioquino
