Avanti Financial Group, Inc. has rebranded as Custodia Bank, Inc., as a precursor to the launch of its digital asset bank. Custodia Bank plans to launch in Q2 with U.S. Dollar deposit accounts for business customers, initially providing ACH and Fedwire services. The post-launch roadmap includes digital asset custody, Avit (a payment instrument similar to a digital cashier’s check) and prime services, facilitated by client-facing APIs to enable the programmability of payments by clients. Custodia Bank, Inc. is a Wyoming bank formed to serve as a compliant bridge to the U.S. Dollar payments system and a custodian of digital assets that can meet the highest level of institutional custody standards.
