Custodia operates as a Special Purpose Depository Institution (SPDI)
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Authors
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 operates under a full-reserve banking model as a Wyoming Special Purpose Depository Institution (SPDI), setting it apart from traditional fractional-reserve banks
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