Avanti Financial Group
Avanti Financial Group is a corporation established to apply for a bank charter under Wyoming’s special-purpose depository institution law. It plans to serve as a compliant bridge to the US dollar payments system and a custodian of digital assets that can meet the strictest level of institutional custody standards. It aims to meet the strictest consumer protections in the digital asset industry.
- Avanti will likely do business under the name “Avanti Bank & Trust.”
- It will also comply with Wyoming’s SPDI and digital asset laws, which include requirements that fiat deposits be 100% reserved and that Avanti meets the strictest consumer protections in the digital asset industry.
- Subject to the approval of its application, Avanti plans to open its doors as early as October 2020.