Intain, in collaboration with FIS, has launched a loan tokenization market for small banks on Avalanche.

On November 11th, as per the report by CoinDesk, the fintech service provider FIS and the structured finance platform Intain are set to launch a blockchain marketplace based on AVAX. This marketplace enables regional and community banks to securitize their loan portfolios and directly sell them to institutional investors. The platform, titled Digital Liquidity Gateway, tokenizes loans in the form of NFTs and automates settlements (including the use of stablecoins like USDC). It eliminates the usual slow and costly intermediaries that make the asset-backed financing process cumbersome. The platform has been integrated with FIS's core banking system, and FIS's software and payment infrastructure services are accessible to over 20,000 customers worldwide. Both companies have indicated that the platform has begun to offer access services to banks and investors, with the expectation of completing transactions amounting to hundreds of millions of dollars by the end of this year. The initial projects involve loan pools related to commercial real estate and aviation financing.