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

According to CoinDesk, financial technology service provider FIS and structured finance platform Intain are launching an AVAX-based blockchain marketplace that 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 settlement (including the use of stablecoins like USDC), and removes the intermediaries that typically slow down and increase the cost of asset-backed financing processes. The platform has been integrated with FIS's core banking systems, and FIS's software and payment infrastructure services cover over 20,000 clients globally.

Both companies stated that the platform has begun providing access services for banks and investors, with expectations to complete hundreds of millions of dollars in loan transactions by the end of this year, starting with loan pools related to commercial real estate and aviation financing.