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06/19 11:27

Custodia and Vantage test dual purpose token for b

Custodia and Vantage test dual purpose token for bank deposits and stablecoins #HTX Creation Challenge — Post and Win 1,500U 💥 #World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge
Custodia Bank and Vantage Bank have unveiled a tokenized payments model that has combined bank deposits and stablecoins into a single asset, with plans to make the network available to banks and customers in the fourth quarter of 2026. According to a white paper published on June 18, the proposed token changes its legal and operational form depending on where it is held. Inside the Hazel banking network, it functions as a bank deposit issued by a participating institution. Once transferred to external users or platforms outside the consortium, it becomes a stablecoin backed by cash and short-term U.S. Treasury securities.
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