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Assets · Bank deposit · issued by Custodia Bank

Avit tokenised US dollar deposit (Avit)New

ERC-20 token on Ethereum representing US dollar demand deposits at a consortium member bank; inside the consortium it is a deposit, and when held outside it is treated as a stablecoin backed at least one to one by reserves Custodia holds. First issued with Vantage Bank in March 2025.

Asset sources[1][2][3] · ERC-20[1]

—Supply
1Networks
Hazel Network (Avit)Issued by
0Also used by
Value per token
$1

Issued through Hazel Network (Avit tokenised deposits) Pilot

Classification · low confidence

Legal form
Bank deposit from issuer status
Underlying
Money
Value behaviour
Stable value
Ledger role
Native
Legal labels
insured demand deposit (inside the Hazel member-bank consortium) (United States)[3]; reserve-backed stablecoin (when held outside the consortium) (United States)[3]

Legal form bank-deposit confirmed by the editor (decision 2026-10-21-classification-5); revisit if a regulator classifies it. yieldBearing gap: income terms not published.

Sourced[1]. How assets are classified: methodology.

Contracts

No contract addresses recorded yet.

Sources

  1. [1]Custodia Bank and Vantage Bank Issue America's First Bank-Issued Stablecoin On A Permissionless Blockchain — Custodia Bank, 25 Mar 2025. Accessed 15 Oct 2026.B
  2. [2]About | Custodia Bank — Custodia Bank. Accessed 15 Oct 2026.B
  3. [3]New Live Infrastructure for Banks and Credit Unions Introduces a Unified Token Combining Tokenized Bank Deposits and Stablecoins — Custodia Bank (Vantage Bank and Custodia release), 18 Jun 2026. Accessed 15 Oct 2026.B

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