Summary
- Intain and FIS announced the launch of an Avalanche (AVAX)-based loan portfolio tokenization marketplace.
- The platform issues loans in NFT form, supports USDC payment automation, and said eliminating intermediary steps reduces costs and time.
- They aim for hundreds of millions of dollars in commercial real estate and aviation finance loan deals by the end of the year, and said they are already onboarding multiple banks and investors.
Fintech firm FIS and Intain have launched a blockchain loan marketplace for regional banks.
On the 11th (Korean time), CoinDesk reported that the two companies unveiled the "Digital Liquidity Gateway" based on the Avalanche (AVAX) mainnet.
The Digital Liquidity Gateway is a marketplace that allows small banks, such as regional and community banks, to tokenize loan portfolios and sell them directly to institutional investors.
The platform issues each loan as a non-fungible token (NFT) and supports USDC-based payment automation. It also removes intermediary steps that traditionally existed in the asset securitization process, reducing costs and time. The system is integrated with FIS's core banking infrastructure used by around 20,000 financial institutions worldwide.
Intain and FIS aim for loan deals related to commercial real estate and aviation finance totaling hundreds of millions of dollars by the end of this year, and are reportedly already onboarding multiple banks and investors.
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