Intain Markets and FIS have partnered to launch the Digital Liquidity Gateway. The offering enables community banks to buy, sell and securitize loan portfolios using Intain’s Avalanche Layer 1 blockchain.
The process of packaging loans into an asset backed security is a relatively messy one. With this solution the securitization process is streamlined by connecting directly to FIS’ core banking systems, and automating workflows using AI. Intain’s solutions make the loans that underpin a securitization easy to review and trace.
Intain is no stranger to securitization. The company was founded in 2018, and initially focused on using blockchain to streamline the workflow for administering (rather than selling) securitizations. By early 2020 it landed WSFS Bank as a client, one of the biggest trustee administrators for asset backed securities (ABS). Through its administration work, Intain gained experience handling tens of billions in securitizations, which informed the development of Intain Markets, its marketplace for buying and selling loan portfolios. Initially this launched on a permissioned subnet on Avalanche. Avalanche’s subnets have since been rebranded as Layer 1s.
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