We broke ground on the legal/regulatory front, proving that U.S. banks can collaborate to tokenize demand deposits on a permissionless blockchain in a regulatorily-compliant manner," Caitlin Long, CEO of Custodia Bank, said
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Daniel Kuhn
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Crypto-native bank Custodia partners with Vantage on 'first bank-issued stablecoin' backed by tokenized customer deposits
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Custodia CEO Caitlin Long said the pilot proves US banks can compliantly tokenize deposits on a permissionless blockchain, while Vantage CEO Jeff Sinnott called it a pivotal moment for cross-border payments and US dollar trust
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