FIS and Intain launch blockchain loan platform based on Avalanche

Financial technology provider FIS and structured finance platform Intain are launching a blockchain marketplace based on Avalanche to help regional banks securitize loans and sell them directly to institutional investors.

Reportedly, the platform's core features include converting loans into non-fungible tokens (NFTs), supporting automatic settlement with stablecoins including USDC, and seamless integration with the core banking systems provided by FIS to over 20,000 clients worldwide. Intain's AI engine ensures that documents are verified before minting NFTs, guaranteeing data accuracy.