Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming

Avanti founder and chief executive officer, Caitlin Long, said “currently the only type of U.S. financial institution that can provide final and simultaneous settlement of trades between digital assets and the U.S. dollar is a Wyoming special purpose depository institution like Avanti.”

Avanti plans to issue Avit initially on both Liquid – a sidechain of the Bitcoin blockchain – and Ethereum. The company claims its tokenized U.S. dollar is “designed to solve the legal, accounting and tax issues of stablecoins.”

Hats off to Wyoming as they are leading the USA in regards to Crypto's - last month they had an announcement in/around Kraken being granted a Banking license. How long before other States start to wake up?

Enjoy the Journey!