What are Banks of the Future? With Avanti Founder Caitlin Long
summary
Claim: Avanti is applying for a charter as a Wyoming special purpose depository institution that gives a crypto-industry bank direct Fed access, custody via legal bailment/coathcheck rather than title transfer, and the ability to do delivery‑versus‑payment atomic settlement between dollars and digital assets. Balance sheet rules require 100% reserves (no rehypothecation); the trust arm can match lenders and borrowers but the bank itself won’t lever deposits. Goal: institutional custody with Fed master account and finality for crypto settlements.
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chapters (6)
- 0:00Intro
- 0:48What is Avanti
- 2:15What makes Avanti different
- 5:40Crypto native bank
- 9:33New challenges
- 13:14Is the country ready
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