Custodia Bank and Vantage Bank have completed the tokenization of US Dollar Question Deposits on the Ethereum Mainnet.
The banks have published the Avit Stablecoins of Custodia and relax on the Ethereum Minet, which marked an important milestone in blockchain-based bank innovation.
They performed a series of eight regulated test transactions, in which Avit -Tokens were transferred, transferred and cash in under full compliance with the US, including BSA/AML/OFAC regulations.
Vantage Bank provided Fiat reserves and traditional banking services (Fedwire/ACH), while Custodia supervised blockchain functions such as issue, custody and reconciliation via its AVIT management system.
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Credit : cryptonews.net
