Overview
- The platform moves from pilots to a live network for issuing tokens that represent insured bank deposits, with final regulatory approval still required to scale.
- A single smart-contract design allows the same token to function as a bank deposit or as a payment stablecoin across holders without redemption.
- Custodia says the system runs on permissionless networks and uses Infinant’s APIs and Interlace infrastructure to manage interoperability and token switching.
- Member banks and credit unions keep control of their own wallets in a consortium model intended to keep tokenized dollars within the regulated banking environment.
- Custodia reports SOC 2 Type II certification, prior pilots in cross-border payments, supply chain settlement, construction disbursements and payroll, and an Avit stablecoin designed to interoperate with tokenized deposits.