Custodia and Vantage Bank Tokenize US Dollar Deposits on Ethereum Mainnet

Custodia Bank and Vantage Bank successfully tokenized U.S. dollar demand deposits on the Ethereum mainnet, marking a significant advancement in blockchain-based banking. The banks executed eight regulated test transactions, including minting, transferring, and redeeming Custodia's Avit stablecoins, all under full U.S. banking compliance. Vantage Bank managed fiat reserves and traditional banking services, while Custodia oversaw blockchain operations through its Avit Management System. This collaboration enables low-cost, fast, and programmable payments while maintaining traditional banking safety and oversight.