Custodia and Vantage Bank Launch Tokenized Deposit Platform for US Banks

Custodia Bank and Vantage Bank have introduced a blockchain-based solution for tokenized deposits and stablecoin support, designed for integration by traditional financial institutions. The platform operates on a patent-protected framework, enabling banks to issue digital tokens that function as both tokenized deposits and stablecoins without ceding control or facing disintermediation risks.

The solution complies with the GENIUS Act and has been tested in pilot programs for payments and supply chain use cases. Custodia, a Wyoming-based crypto-friendly bank, and Texas-based Vantage Bank position this as a turnkey offering that bridges digital assets with conventional online banking systems.

Tokenized deposits represent blockchain-recorded digital claims on real bank deposits, combining the efficiency of distributed ledger technology with the regulatory safeguards of traditional banking. The consortium model invites broader participation from banks and credit unions seeking to modernize infrastructure.