Vantage Bank and Custodia Unveil Hazel Network White Paper, Merging Tokenized Deposits and Stablecoins for Banks
Vantage Bank of San Antonio and Custodia of Cheyenne, Wyoming released a white paper on June 18, 2026 outlining the Hazel Network, infrastructure the two institutions describe as already live and built specifically for banks and credit unions. The central feature is a unified token that combines tokenized bank deposits and stablecoins — two instruments that have operated in largely separate corners of digital asset markets.
Key takeaways
- Vantage Bank of San Antonio and Custodia of Cheyenne, Wyoming released a white paper on June 18, 2026 outlining the Hazel Network for banks and credit unions.
- The Hazel Network's central feature is a unified token that combines tokenized bank deposits and stablecoins into a single instrument.
- The announcement describes the Hazel Network as already live, not a proof-of-concept.
- The release did not disclose participant figures, transaction volumes, forward milestones, additional network participants, customers, or financial terms.
- The white paper does not provide technical depth on governance, settlement finality, or counterparty structure.
Vantage Bank of San Antonio and Custodia of Cheyenne, Wyoming released a white paper on June 18, 2026 outlining the Hazel Network, infrastructure the two institutions describe as already live and built specifically for banks and credit unions. The central feature is a unified token that combines tokenized bank deposits and stablecoins — two instruments that have operated in largely separate corners of digital asset markets.
What the Hazel Network Proposes
The white paper positions the network as a single-instrument solution for regulated deposit-taking institutions, a segment that has generally moved more slowly than non-bank entities in adopting digital asset rails. By merging tokenized deposits with stablecoins into one unified token, the architecture spares banks and credit unions from choosing between the two structures or maintaining parallel infrastructure for each. Notably, the announcement describes the Hazel Network as live, not a proof-of-concept — though no participant figures, transaction volumes, or forward milestones were included in the release.
The Institutions Behind It
The effort pairs Vantage Bank, headquartered in San Antonio, with Custodia, based in Cheyenne, Wyoming. Wyoming has become a notable jurisdiction for digital asset banking activity, and Custodia has been among the more prominent institutions operating under the state's digital asset framework. Vantage contributes community banking infrastructure from Texas. The two companies did not disclose additional network participants, customers, or financial terms alongside the white paper.
What the Release Does and Does Not Tell Investors
The white paper is a disclosure event, not a product launch with commercial terms attached. For institutions and investors evaluating the space, the document itself is the primary artifact; the announcement summary does not provide technical depth on governance, settlement finality, or counterparty structure. Those specifics will determine whether the Hazel Network represents a replicable model for the broader banking sector or a bilateral arrangement between two aligned institutions. The full paper is where that case will need to be made.
Related reading
Filed by the macro desk of MarketPR on June 19, 2026. Source: prnewswire.com. Indicative figures are not investment advice.