What does Custodia Bank do?

Custodia Bank is a Wyoming-based financial institution founded in 2020 by Caitlin Long. The bank is designed to connect traditional finance with the digital asset economy, offering services that integrate U.S. dollar accounts with secure access to Bitcoin and other cryptocurrencies. Custodia operates under a Special Purpose Depository Institution (SPDI) charter, allowing it to provide crypto custody without engaging in fractional reserve lending. The bank's core services include regulated custody of digital assets, U.S. dollar deposit accounts, secure payment solutions for blockchain finance, and a Digital Asset Custody system for compliant Bitcoin holding. Additionally, Custodia offers Avit, a programmable U.S. dollar product for on-chain payments and smart contracts. Targeting corporate and institutional clients, Custodia emphasizes full-reserve banking and regulatory transparency, positioning itself as a leader in compliant crypto banking.