Custodia Bank™ intends to provide a full suite of banking and financial services tailored to business customers looking for enhanced regulatory clarity and minimized transactional risk as they traverse the digital asset frontier.
As a chartered bank, Custodia operates under the first special purpose depository institution legal and regulatory framework in the United States. This allows us to offer a full suite of financial services for both U.S. dollars and digital assets that is tailored to business customers looking for enhanced regulatory clarity and minimized transactional risk.
Custodia services U.S.–based business customers such as digital asset businesses, fintechs, banks, corporate treasurers, trusts, pension funds, start-ups, and many more. Ultimately, the strategy of Custodia is to serve customers worldwide.
Demand deposit accounts protected under 100% reserve requirement, with broad support for fiat payments and integration possibilities with a robust API solution purpose-built for enabling programmability across accounts, payments, settlement, future custody products, and more. API features and services may not be available at launch.
Bank-issued digital dollar, backed 100% by deposits and high-quality liquid assets, and redeemable at par in U.S. dollars, subject to applicable limitations. Avits settle with the same mechanics of a cryptocurrency but leverage established commercial laws in a structure that addresses the accounting, tax and legal problems of existing stablecoins.*†
Qualified custody solution built from the ground up for the unique challenges of storing and transacting in digital assets, multisig key management, multiple layers of controls and redundancy, and bankruptcy remote asset protection under Wyoming’s customer-friendly bailment laws.†
Bundle of services available on our platform, with Custodia acting as an agent, to support conversion between fiat and digital assets, escrow services, foreign exchange, and customer digital asset lending activities.†
Custodia is a bank formed to be a compliant bridge between digital assets and the U.S. dollar payments system, and a custodian of digital assets that can meet the strictest level of institutional custody standards. Custodia will initially offer online banking services for which customer demand deposits will be 100% reserved by law, and expects to offer several products and services, including a tokenized, programmable U.S. dollar called Avit; custody services for digital assets; and prime services for digital assets. Certain products are under phased development, and not all of them will be available at launch.
Custodia is a new breed of bank — a software platform with a bank charter, built to connect digital assets with the traditional financial system in a safe and sound way. Our team is deeply experienced in both. Custodia has a deep understanding of how digital assets (including our tokenized dollar, Avit™) can solve payment inefficiencies faced by our business customers. Custodia is a depository institution, which means we’re eligible to become a U.S. dollar clearing bank at the Federal Reserve and, consequently, Custodia promises a superior regulatory structure relative to digital asset competitors.