Custodia Bank

Custodia Bank is a Wyoming special purpose depository institution (SPDI) that focuses on infrastructure for banks rather than mass-market accounts. Its current work centres on the Hazel Network and tokenized USD settlement.

Services The company lists tokenized-deposit infrastructure, the Hazel Network, Avit stablecoin infrastructure and on-chain operational and compliance controls. For Avit, Custodia provides banks with smart contracts, wallets and on-chain controls. Hazel Network is designed for 24/7/365 programmable settlement in USD.

Clients The stated clients are banks, credit unions and financial institutions that are members of the Hazel Network. This is a narrowly scoped institutional offering and should not be read as an open programme of operational accounts for crypto businesses.

Regulation and safeguards Custodia Bank, Inc. is supervised by the Wyoming Division of Banking (NMLS 2129447). It is not FDIC insured. The provider states that SPDI deposits are 100% reserved and may not be lent, and that Avit is backed 1:1 in real time by externally held assets. It has also used the names Avanti Bank and, in some US states, Custodia Digital Services.