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.

Read more: Decrypt