C

Custodia Bank

Custody, settlement, and API-driven digital assets

Overview

Avanti Bank provides custody for digital assets and payment solutions for institutional clients, operating with a bank charter that enables it to hold deposits and, potentially, clear U.S. dollars through the Federal Reserve. Institutions use its custody to securely hold digital assets and move funds via its payment rails, with an API that lets them integrate Avanti’s services into their own systems; it also offers a tokenized dollar to speed up business payments. The company combines traditional banking safety and regulatory compliance with digital-asset capabilities, aided by its possible status as a U.S. dollar clearing bank and its straightforward API integration. Its goal is to bridge traditional finance and digital assets by offering secure, efficient, and easy-to-integrate financial services for institutions with clear regulatory guidance.

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About Custodia Bank

Simplify's Rating
Why Custodia Bank is rated
C
Rated B on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Enterprise SoftwareCrypto & Web3Financial Services

Company Size

11-50

Company Stage

Early VC

Total Funding

$53.4M

Headquarters

Cheyenne, WY

Founded

2020

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What believers are saying

  • Hazel's first bank-to-bank loan payment cleared in under three minutes on October 21, 2026.
  • Participate plans to offer Hazel to over 750 banks, expanding distribution.
  • Custodia and Vantage reached American Banker's top finance-innovators ranking in June 2026.

What critics are saying

  • The Supreme Court conference on Custodia's master-account petition is scheduled for November 13, 2026.
  • The Fed already denied Custodia's master account, blocking direct access to payment rails.
  • Without Fed access, Custodia remains dependent on partner banks, limiting existential independence.

What makes Custodia Bank unique

  • Hazel Network turns deposits into stablecoins across consortium boundaries, with automatic compliance.
  • Custodia's Wyoming SPDI charter targets regulated digital-asset banking, not offshore crypto.
  • The bank built tokenized-deposit rails on Ethereum mainnet by March 2026.

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Funding

Total Funding

$53.4M

Above

Industry Average

Funded Over

5 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison Coming Soon

Benefits

  • Competitive Salary
  • 100% Remote
  • Competitive equity package
  • Amazing growth opportunity
  • Unlimited PTO
  • Medical, dental & vision coverage

Growth & Insights and Company News

6 month growth

0%

1 year growth

-10%

2 year growth

-14%
Associated Press
Oct 19th, 2026
Texas banks complete first loan participation payment using tokenized deposits in under three minutes

Participate, a loan sales platform for financial institutions, says it completed the first loan participation payment between banks using tokenized deposits. Texas lenders Vantage Bank and Rio Bank made the payment over the Hazel Network, a tokenized-deposit and stablecoin platform built by Vantage Bank and Custodia. Vantage posted a loan payment in Participate, which split principal and interest and sent the funds to the buyer's digital wallet in under three minutes. Loan balances and notices updated automatically. Such payments usually rely on wires, spreadsheets, and emailed notices, and reconciliation can take days. The payment is the first under a collaboration announced in April 2026. Participate plans to offer the service to its network of more than 750 banks. "Innovation is not just for the big banks or big tech players," said Matt Johnner, Participate's president and co-founder.

PR Newswire
Jun 18th, 2026
Vantage Bank and Custodia unveil Hazel Network combining tokenised deposits and stablecoins

Vantage Bank and Custodia have released a white paper detailing the Hazel Network, a bank-architected token system that bridges traditional banking with blockchain technology. The platform features a unified token that automatically transforms between a tokenized bank deposit and a stablecoin depending on who holds it. Inside the banking consortium, the token functions as an FDIC-insured bank deposit. Outside the consortium, it operates as a GENIUS Act-compliant stablecoin backed by liquid assets. This design eliminates conversion friction and protects customer-bank relationships. The network includes three-layer compliance screening covering anti-money laundering, blockchain analytics and on-chain sanctions checks. Banks can integrate through three models, with the quickest requiring four to six weeks implementation. The reference implementation went live on Ethereum mainnet in March 2026, with full availability scheduled for Q4 2026.

PR Newswire
Jun 5th, 2026
Vantage Bank and Custodia CEOs top American Banker's finance innovators list for tokenized deposit network

Vantage Bank CEO Jeff Sinnott and Custodia CEO Caitlin Long have secured the top two positions in American Banker's inaugural "Most Innovative People in Finance" ranking. The executives co-founded Hazel Network, a tokenized deposit and stablecoin platform designed for banks. Hazel Network enables banks to integrate programmable tokenization technology with built-in compliance controls. The system converts tokenized deposits to GENIUS Act-compliant stablecoins when customers send tokens outside the network, automatically reverting upon return. The network launched on Ethereum mainnet in April and completed its first testing stage. Sinnott was recognised for pioneering the first US bank-issued stablecoin and a cross-border payment pilot that reduced wire costs by 94%. Long was honoured for building digital asset infrastructure and advancing stablecoin regulatory clarity. The Texas Bankers Association is supporting banks joining the network.

U.S. Securities and Exchange Commission
May 30th, 2024
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

Tencent News
Jan 18th, 2023
美国数字资产银行Custodia完成700万美元融资_腾讯新闻

美国数字资产银行Custodia完成700万美元融资

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