🎉 #AVAX Loans for hundreds of millions of $$$ on the Avalanche blockchain - coindesk

Fintech giant FIS and Intain platform launch Digital Liquidity Gateway in the United States - a marketplace on the Avalanche blockchain, where banks will be able to tokenize loans and sell them to institutional investors.

Mechanics:
➤ Each loan turns into NFT, supported by real documents and data.
➤ Calculations are made automatically, including with stablecoins (mainly #USDC).
➤ The platform already connects banks and investors - transactions worth hundreds of millions of dollars are expected by the end of this year.
➤ The goal is to help U.S. regional banks find liquidity faster and issue more loans to small businesses.

@Сryptoz ₿