The USDF Consortium is a membership-based organization of FDIC-insured U.S. depository institutions focused on building a network to support the adoption of bank-minted tokenized deposits, known as USDF. Originally founded by Figure Technologies and JAM FINTOP to create a shared stablecoin, the consortium has since evolved its mission to enable member banks to issue their own tokenized deposits on a common, interoperable network operating on the public Provenance Blockchain. The initiative aims to provide a compliant and regulated alternative for real-time payments and decentralized finance (DeFi) applications.

Founded in

United States