The US may soon get its first dedicated bank for digital assets.

posted about 2 months ago
A Wyoming corporation founded by blockchain legislative champion and Wall Street veteran Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking. The future bank is called Avanti, meaning “forward” in Italian, and will be focused solely on providing regulated services for digital assets Caitlin Long announced today.

The company has raised $1 million in seed funding. Avanti will provide payment, custody, securities and commodities activities for institutional customers using digital assets. The firm will custody digital assets without any change in the ownership of those assets, like a valet takes care of your car without being given its legal title, Long said.
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