Intain and FIS launch a loan tokenization marketplace for small banks on Avalanche

ChainCatcher News, according to CoinDesk, fintech service provider FIS and structured finance platform Intain are launching a blockchain marketplace based on AVAX. This marketplace allows regional and community banks to securitize loan portfolios and sell them directly to institutional investors.

The platform, named Digital Liquidity Gateway, tokenizes loans in the form of NFTs, automates settlements (including using stablecoins such as USDC), and eliminates the intermediaries that typically make asset-backed financing processes slow and costly. The platform has been integrated with FIS’s core banking system, and FIS’s software and payment infrastructure services cover more than 20,000 clients worldwide.

The two companies stated that the platform has begun providing access services for banks and investors, and it is expected that hundreds of millions of dollars in loan transactions will be completed by the end of this year. The initial projects include loan pools related to commercial real estate and aviation financing.