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Custodia Bank and Vantage Bank Issue America’s First Bank-Issued Stablecoin On A Permissionless Blockchain

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First-ever tokenization of a U.S. bank’s demand deposits on a permissionless blockchain

CHEYENNE, Wyo., March 25, 2025 /PRNewswire/ — Custodia Bank, working with Vantage Bank, yesterday completed America’s first-ever tokenization of a bank’s U.S. dollar demand deposits on a permissionless blockchain by issuing, transferring and redeeming Avit™ stablecoins for a bank customer. A new U.S. dollar payment rail has now been activated inside the U.S. banking system, at a time when the global community is increasingly demanding U.S. dollar stablecoins for transactional use.

All parties to the series of test transactions observed several efficiencies, including low transaction costs, fast transaction settlement, programmability and auditability within a safe, compliant and regulated banking environment.

The banks collaborated on the mint, transfer and redemption of Avit tokens for a bank customer on the Ethereum mainnet using the ERC-20 standard. Parties transacted in eight stages, with Vantage Bank managing the stablecoin fiat reserves and providing Fedwire/ACH services. Custodia Bank managed blockchain issuance/redemption services, custody services, blockchain transaction monitoring and reconciliation using its Avit Management System. The eight stages included transfers by the bank customer of its Avit tokens into self-custody, transacting with its Avit tokens business-to-business outside the banking system, and transferring its Avit tokens back to Custodia Bank for redemption into U.S. dollar demand deposits.

The banks complied with all applicable U.S. bank regulatory requirements, including BSA/AML/OFAC, which necessitated designing documentation, policies and procedures that differ from those of current stablecoin issuers. Both banks worked closely with their respective bank regulators to ensure the success of this first-of-its-kind project.

“We broke ground on the legal/regulatory front, proving that U.S. banks can collaborate to tokenize demand deposits on a permissionless blockchain in a regulatorily-compliant manner,” said Caitlin Long, CEO of Custodia Bank. “Custodia looks forward to the reversal of U.S. regulatory obstacles that have stymied stablecoin innovation in recent years, so that American consumers can benefit from the substantial network effects and global reach of permissionless blockchain technologies.”

Jeff Sinnott, President and CEO of Vantage Bank said, “This event marks a pivotal moment in reshaping the financial landscape, demonstrating how blockchain and stablecoins can revolutionize payments. By executing this transaction, we’re empowering banks to lead responsibly in cross-border modernization, while also leveraging the strength of the U.S. Dollar and demonstrating regulators’ support for responsible innovation.”

The transactions deployed Custodia’s patent, U.S. patent 11392906 (issued July 2022), for the tokenization of U.S. dollar bank deposits on smart-contract type permissionless blockchains.

Media Contact: press@custodiabank.com

Avit™ is a trademark of Custodia Bank, Inc.

About Custodia: Custodia Bank, Inc. is a Wyoming bank formed to serve as a compliant bridge to the U.S. dollar payments system and a custodian of digital assets that can meet the strictest level of institutional custody standards. Custodia is required to fully comply with all applicable laws and regulations, including the Bank Secrecy Act and federal “know your customer,” anti-money laundering and related laws and regulations. Custodia also complies with Wyoming’s special purpose depository institution and digital asset laws, which include requirements that fiat deposits be 100% reserved and that Custodia meet the strictest investor protections in the digital asset industry. In 2022, the Federal Reserve deemed Custodia a depository institution eligible to maintain a Federal Reserve master account. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

About Vantage Bank: Vantage Bank is prepared for what’s possible! We are dedicated to delivering sophisticated, innovative financial solutions while maintaining a strong commitment to the communities we serve. Headquartered in Texas, we operate across the state, with locations in Dallas, El Paso, Fort Worth, Houston, Laredo, the Rio Grande Valley, and San Antonio. Our suite of powerful digital tools and services rivals those offered by fintechs and similar non-bank financial services companies. We operate within a safe and sound environment—providing peace of mind and the financial security that only a regulated institution can offer. By integrating advanced technology with personalized service, Vantage Bank empowers individuals and businesses to achieve their financial goals while upholding the highest standards of compliance and community engagement.

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SOURCE Vantage Bank

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Deye Redefines Solar Tech at Intersolar 2025

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Deye showcased its next-gen wireless energy management system, off-grid ESS solution, C&I ESS solutions and utility ESS solutions, drawing strong interest from global partners

MUNICH, May 24, 2025 /PRNewswire/ — At Intersolar Europe, one of the solar industry’s key exhibitions, Deye impressed the crowd with its new-generation Power Conversion System (PCS), smart wireless energy management system, off-grid ESS solutions and C&I ESS solutions. Over three days, the booth drew hundreds of partners and professionals, highlighting how intelligent energy is reshaping the global energy development.

The exhibition featured an indoor hall and an outdoor container zone. Indoors, Deye displayed its HVAC appliances and integrated PV storage solutions for residential, commercial, industrial, and ground power stations. Outdoors, it showcased the Smart Home Micro-Climate Comfort Solution, powered by its household energy storage system and Five Constant System, expanding solar storage application possibilities.

Deye showcased its latest PCS series, featuring <20 ms seamless mode transitions and up to 500 kW independent power paths for uninterrupted on/off-grid and diesel mode operation. Its intelligent EMS enables zero-export control and time-of-use scheduling with color touchscreen and remote cloud management. With up to 98.5% efficiency and 2.5 MW rated power, it suits medium to large-scale commercial and industrial applications.

Another talked-about innovation was Deye’s wireless smart energy management system based on LoRa for smart load control and home automation. Through multi-dimensional logic control such as time, battery SOC and grid state, this system can automatically optimize the power consumption strategy. Moreover, it supports smart home IoT integration, connecting devices like smart EV chargers, wireless CTs, switches, and plugs for remote control via the Deye App.

The newly launched off-grid ESS solution attracted attention for its suitability in remote and microgrid scenarios. Compatible with diesel generators and batteries, it delivers stable power in off-grid or weak-grid environments like deserts. Its IP65 protection level enhances durability and extends operational lifespan, while the integrated LoRa-based smart energy management system further improves performance and monitors in off-grid applications.

In addition, Deye’s C&I ESS series offers a scalable, high-performance solution for diverse business needs. The MS-G215 outdoor system features peak-valley management, anti-back flow protection, intelligent thermal control (<35℃ battery temp), and supports parallel expansion up to 20 units (on/off-grid) or 5 units (backup). The integrated PV-BESS-EV solution (MS-DCC180-2 + MS-LC430) combines solar, storage and fast charging with key advantages including:

Improving system efficiency by 4% and cutting investment by 15%.Supporting flexible 2-8 hour energy storage.Providing 3+3-layer electrical protection against thermal runaway.Achieving efficiency and safety with 180kW ultra-fast charging and up to 4 dual-gun terminals.

For high-capacity energy storage, the utility C&I PV-BESS solution delivers 430 kWh per unit with excellent scalability and active balancing. It ensures optimal battery efficiency and lifespan while adapting to diverse industry requirements, making it ideal for applications across commercial, industrial, and utility sectors.

Beyond the product display, the exhibition marked a milestone in Deye’s global strategy. Its F120 Series ESS earned CEI 0-21 and 0-16 certifications from Kiwa for Italy’s medium-voltage grids, while TÜV Rheinland granted VDE-AR-N 4110 & 4120 certifications to its flagship ESS and 110 kW three-phase inverter. Attendees also experienced Deye’s latest innovations through an immersive VR showcase, which further reinforced its international tech leadership.

With Intersolar Europe 2025 behind it, Deye now looks to global expansion, focusing on technology refinement and deeper global partnerships. “Our vision is clear,” said Deye’s representative. “To empower communities, businesses, and grids with smart, sustainable energy. Intersolar confirmed we’re on the right path- and the world is ready.”

For more information about Deye, visit https://www.deyeinverter.com/ ; https://deyeess.com/

Photo – https://mma.prnewswire.com/media/2694982/20250522172531.jpg

View original content:https://www.prnewswire.com/news-releases/deye-redefines-solar-tech-at-intersolar-2025-302464752.html

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Edimakor V4.0.0 Launches with AI Singing Photos & AI Animation

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NEW YORK, May 24, 2025 /PRNewswire/ — HitPaw Edimakor, known for its work in smart video editing tools, has announced the official launch of Edimakor V4.0.0. This new version introduces a fresh set of features, including a singing avatar tool, expanded image-to-video templates, upgraded text-to-video capabilities, and more control over background removal. These updates are designed to give users more flexibility and options when building creative content from images, text, and audio.

Edimakor V4.0.0 Key Improvements

AI Singing photo

Upload any image whether it’s a real person, cartoon, animal, or character, and turn it into a singing avatar. The tool supports upload audio, making it suitable for fun projects, education, or creative content.

Image-to-Video Templates
Choose from 80+ ready-made templates designed for different themes and situations.

Update two AI models: model 1 has faster generation speed as well as more stable output; model 2 takes longer to generate and is suitable for complex scenes.

Open correlations, modes, resolutions, and reverse cues to allow the user to change control over the quality of the generated video;

AI Animation
Convert written content into video with five visual styles:

Anime

3D Animation

Comic

Cyberpunk

Clay

Background Removal (Image & Video)

For images: After removing the background, users can apply edge feathering and zooming for a cleaner look.

For video: Two modes are available, Quick Mode for fast edits, and Advanced Mode for more precision. Both modes allow edge feathering and edge scaling.

Subtitle Generator

Adjust subtitle length based on preference.

Apply bilingual subtitle templates with one click.

Choose two-color dynamic subtitle styles.

Set subtitle position anywhere on the screen easily.

Continued Commitment to Practical Tools

Edimakor V4.0.0 reflects a clear effort to build features that respond directly to how people create and edit videos today. Instead of adding tools for the sake of it, each update is designed to solve specific problems, whether it’s making editing faster, improving visual quality, or giving users more control. The goal remains simple: make content creation more accessible, efficient, and adaptable for anyone working with video.

For more information:
https://edimakor.hitpaw.com

Follow Edimakor on social media:
X/Twitter: https://x.com/HitpawEdimakor
YouTube: https://www.youtube.com/@HitPawEdimakorOfficial
Instagram: https://www.instagram.com/edimakor_official

This release was issued through Send2Press® on behalf of the news source. For more information, visit Send2Press Newswire at https://www.send2press.com/.

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SOURCE HitPaw. Co., Ltd

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COMPUTEX 2025: MiTAC Powers Sustainable AI Data Centers with New Server & Cooling Tech

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TAIPEI, May 24, 2025 /PRNewswire/ — At COMPUTEX 2025, MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings Corp. (TWSE: 3706), unveiled its bold new vision: from hardware provider to full-solution AI and data center innovator. With future-ready solutions covering AI training and inference, high-performance computing (HPC), rack-level liquid cooling, GPU resource management, and real-time data mobility, MiTAC delivers an integrated platform for next-generation data centers.

Rick Hwang, President of MiTAC Computing, emphasized the company’s commitment to open innovation. By aligning with global tech partners and Open Compute Project (OCP) standards, MiTAC now delivers full-spectrum solutions—from server to rack—featuring advanced liquid cooling technology. This simplifies data center operations and improves computing performance and energy efficiency—all driving the vision of smarter, high-performance, and sustainable infrastructure.

“This marks our first appearance at COMPUTEX since the MiTAC brand integration,” Hwang noted. “We’re excited to bring customers a more open, flexible, and deeply integrated portfolio of solutions—reinforcing our role as a trusted partner for AI and data center innovation worldwide.”

Empowering AI with Sustainability and Real-World Solutions

MiTAC Computing is embracing the future of AI with the theme “Empowering Unlimited Possibilities: AI x Sustainability, spotlighting real-world application and introducing a suite of new solutions designed to enable smarter, greener, and more scalable AI ecosystems.

At COMPUTEX, MiTAC Computing displayed an impressive range of cutting-edge AI inference servers. The spotlight is on the MiTAC G4527G6 (MGX™ 4U), featuring eight latest-generation NVIDIA RTX PRO™ 6000 Blackwell server GPUs, the first-ever debut of the NVIDIA MGX™ PCIe Switch board with ConnectX®-8 SuperNIC, and dual Intel® Xeon® 6767P processors. Additionally, the MiTAC G8825Z5 (8U) is equipped with two AMD EPYC™ 9005 series processors and eight newly revealed AMD Instinct™ 350 series GPUs, designed specifically for generative AI, inference workloads, and large language model processing.

Introducing Full-Rack Liquid Cooling Solutions

MiTAC Computing also introduced its full-rack liquid cooling systems, featuring both Liquid-to-Air and Liquid-to-Liquid cooling options. Showcasing the latest in-row Coolant Distribution Units (CDUs) from top-tier global partners, these systems deliver over 2000 kW of cooling power—engineered for intense thermal demands of AI and HPC workloads. Designed for easy integration and customization, these systems include MiTAC’s own monitoring software for optimized management.

Additionally, MiTAC also debuted its Direct Liquid Cooling (DLC) multi-node HPC server, the MiTAC C2820Z5. Built for extreme high-performance computing, this server’s DLC system efficiently cools high-power CPUs and fits within ORv3 standard racks powered by 48VDC – delivering significant energy savings vs. traditional air-cooling technology.

Partnering with AMD for Next-Gen Performance

On May 21st, MiTAC Computing welcomed long-term partner Ted Marena, AMD GPU Market Development Director, who shared the latest trends in AI GPU development and product offerings between MiTAC and AMD. Ken Lin, Senior Vice President of Commercial Business at AMD Taiwan, remarked, “MiTAC and AMD have continuously launched high-performance server platforms integrating AMD EPYC™ processors with AMD Instinct™ GPUs. We are also actively developing the MI350 GPU series with liquid cooling systems to support even more demanding AI cluster workloads, fully addressing the modern data center’s need for both AI computing power and energy efficiency.”

Rick Hwang added that AI technology is rapidly accelerating. MiTAC is committed to enabling future AI applications with solutions that combine high performance, low power consumption, and intelligent management. By optimizing data center infrastructure, MiTAC aims to assist global customers in advancing efficient and sustainable development in key sectors such as AI, HPC, and cloud computing, promoting the widespread adoption of next-generation AI technologies.

Learn more: https://www.mitaccomputing.com/en/campaign/computex2025

About MiTAC Computing Technology Corp.

MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings, delivers comprehensive, energy-efficient server solutions backed by industry expertise dating back to the 1990s. Specializing in AI, HPC, cloud, and edge computing, MiTAC Computing employs rigorous methods to ensure uncompromising quality not just at the barebone level but, more importantly, at the system and rack levels—where true performance and integration matter most. This commitment to quality at every level sets MiTAC Computing apart from others in the industry. The company provides tailored platforms for hyperscale data centers, HPC, and AI applications, guaranteeing optimal performance and scalability.

With a global presence and end-to-end capabilities—from R&D and manufacturing to global support—MiTAC Computing offers flexible, high-quality solutions designed to meet unique business needs. Leveraging the latest advancements in AI and liquid cooling, along with the recent integration of Intel DSG and TYAN server products, MiTAC Computing stands out for its innovation, efficiency, and reliability, empowering businesses to tackle future challenges.

Website: https://www.mitaccomputing.com/

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/computex-2025-mitac-powers-sustainable-ai-data-centers-with-new-server–cooling-tech-302464722.html

SOURCE MiTAC Computing Technology Corp.

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