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Intain Markets, FIS Launch Digital Liquidity Gateway on Avalanche for US Banks
- Intain Markets and FIS have launched the Digital Liquidity Gateway on Avalanche, facilitating US regional and community banks to buy, sell, and securitize loan portfolios via a decentralized marketplace.
- The platform is onboarding banks and institutional investors, with expectations of handling hundreds of millions in loan transactions by year-end.
- The gateway tokenizes loans as NFTs, automating processes including transactions with stablecoins like USDC, thereby streamlining manual workflows.
- Blockchain ensures traceability, preventing double-pledging of assets. AI-driven workflows reconcile and verify loan data before token minting.
- The infrastructure operates on Intain’s Avalanche Layer 1 blockchain with AvaCloud support, connecting to FIS core banking systems.
- Initial asset classes include commercial real estate and aviation finance, aiming for transparency and traceability in loan transactions.
- FIS's core banking systems support over 20,000 financial institutions globally, integrating blockchain into asset-backed finance.