NEW: Wyoming-based crypto bank AvantiBT, led by CaitlinLong_, is a step closer to potentially acquiring a master account with the federalreserve. nikhileshde reports
Avanti CEO Caitlin Long
CoinDesk confirmed that a routing number was issued on the ABA website. An ABA spokesperson did not immediately return a request for comment.A number of Wyoming special purpose depository institutions , including Avanti and Kraken, have long sought master accounts with the Fed. Any bank thatUniversity of Alabama School of Law professor Julie Hill. A routing number in and of itself is not confirmation that a bank has a master account, however, she told CoinDesk.
voiced concern about the prospects of institutions with novel charters accessing the Fed payments system.
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