A new platform was introduced in the United States, providing regional and community banks with secure access to digital assets, particularly enabling deposit tokenization and stablecoin utilization.
Vantage Bank and Custodia Bank announced the launch of a national U.S. platform for tokenized deposits. The new system integrates tokenized deposits and stablecoins into traditional online banking services, offering banks and credit unions tools to work with digital assets in a fully regulated environment.
Built on Custodia and Infinant technologies, the platform addresses one of the main challenges in digital assets — the lack of interoperability between different systems. The new approach introduces a unified token that can function both as a tokenized deposit and as a stablecoin. This allows banks to offer innovative financial products to their clients without risking deposit loss.
Each participating bank can independently manage its wallets for tokenized deposits and stablecoins, ensuring a high level of security and transparency. Tokens can move freely between banks and switch between deposit and stablecoin categories while maintaining regulatory oversight at every stage.
Practical applications were already demonstrated in several pilot projects, including:
- instant cross-border payments for transportation companies;
- step-by-step settlement processes in construction;
- automated payments across supply chains;
- flexible payroll systems in the service sector.
These examples clearly showed how tokenization can improve efficiency and reduce costs across different sectors of the economy.
Unlike the closed solutions of major financial corporations, the Vantage and Custodia initiative is designed to ensure equal access to innovation and maintain the stability of the financial system, allowing banks of any size to join.
Special attention is given to the concept of “singleness of money,” the interaction between tokenized deposits and the Avit stablecoin within a single smart contract. According to the developers, no other stablecoin has yet achieved this level of integration with bank deposits.
The project has been in development since 2020, and the first tokenized deposits were issued by Vantage Bank and Custodia in March 2025. In the following months, dozens of test operations were carried out in a regulated environment. Custodia officially received the status of a stablecoin issuer under the GENIUS Act, enabling banks to use tokenized assets while complying with all regulatory requirements.
Deposit tokenization was actively tested by various major financial institutions. For example, JPMorgan launched a pilot project for tokenizing U.S. dollar deposits. UK Finance, together with leading British banks, initiated a large-scale pilot for tokenized pound deposits. Several major banks in Japan and Singapore are testing cross-border settlements using tokenized deposits.
