Avanti Becomes Second Crypto Bank in US
Avanti has received a bank charter from the Wyoming State Banking Board, one month after exchange Kraken became the first crypto company to receive a bank charter in Wyoming—or the US for that matter.
“We will provide products and services that do not exist in the market today,” said managing director Caitlin Long in a press release.
One product it’s looking at in particular is its own tokenized dollar, the Avit, which it plans to issue on Bitcoin sidechain Liquid as well as Ethereum.
