The $20.3 billion-asset
company said in a press release that it onboarded 90 instant token clients to
its digital bank during the second quarter, increasing total customers to 190.
Digital asset-related deposits
increased by $300 million in the second quarter from a quarter earlier. The
company said it had attracted about $2.1 billion of core low- to no-cost
deposits through its instant token platform.
"We continue to expect digital asset-related deposits to grow in
2022 as our pipelines remain strong, giving us an opportunity to further
transform our deposits into a high quality, low- to no-cost, stable and growing
deposit franchise,” Sam Sidhu, the president and CEO of Customers Bank, said in
the release.
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