Avanti launches crypto-friendly bank in Wyoming
Cointelegraph
Published Oct 28, 2020 05:49PM ET
Updated Oct 28, 2020 07:20PM ET
According to an Oct. 28 announcement from Avanti, The Wyoming State Banking Board voted 8-0 to grant the financial institution a bank charter. The approval will allow Avanti to operate the new crypto-friendly bank under the name Avanti Bank & Trust as well as its “tokenized U.S. dollar” Avit, designed to modernize USD payments.
Avanti said it planned to open for customers in early 2021, but will be limited to high minimum balance accounts. Retail clients will have to wait.
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Written By: Cointelegraph
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