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Vantage Bank, together with Custodia Bank, announced the launch of a full-fledged blockchain platform, which was created specifically for credit institutions wishing to issue tokenized versions of bank deposits. This solution allows transactions with digital copies of dollar deposits in a convenient format, with low fees and full integration between all participating banks.

Legal support for working with such assets is provided by the norms of the GENIUS Act. The platform is based on Infinite Interlace, a specialized blockchain environment and payment system designed to meet the needs of the financial industry.

The creation of the platform lasted for seven months, and its launch was a logical continuation of the successful tokenized deposit test project that Custodia Bank had previously implemented with the technical assistance of Vantage Bank. The new system is available to banks of any size and gives them full control over their wallets, where both tokenized deposits and stablecoins that comply with all regulatory regulations are stored.

The actual application of such technology is already bearing fruit in various fields. Custodia Bank is currently testing several initiatives, from the organization of international payments for logistics companies to the introduction of phased payments in construction, plus improved settlements in supply chains for factories and the introduction of convenient salary schemes in the service sector.

Thanks to Vantage Bank's ready-made platform for tokenized deposits, ordinary banks can safely enter the digital era, offering customers fresh services, and at the same time keep on an equal footing with companies issuing private stablecoins. The main thing is that all this fits within the framework of a reliable regulated financial system.