U.S. banks expand the national network of tokenized deposits
According to PANews, Custodia Bank and Vantage Bank Texas have launched a real-time tokenized deposit network for banks in America, expanding their previous pilot to a national network. This system facilitates the exchange between deposits and stablecoins in compliance with the GENIUS Act. The platform is currently awaiting final regulatory approval for large-scale implementation.
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U.S. banks expand the national network of tokenized deposits
According to PANews, Custodia Bank and Vantage Bank Texas have launched a real-time tokenized deposit network for banks in America, expanding their previous pilot to a national network. This system facilitates the exchange between deposits and stablecoins in compliance with the GENIUS Act. The platform is currently awaiting final regulatory approval for large-scale implementation.