According to CoinMeta, the US fintech bank Cross River has announced a collaboration with Offchain, a developer of Arbitrum, to directly integrate asset tokenization functionality into its loan issuance platform. This will enable loan assets to be tokenized through Arbitrum One at the time of issuance, supporting on-chain financing, holding, transfer, and subsequent management. The solution will utilize Offchain enterprise services and Zerodev wallet infrastructure, with no need for changes to borrowers' loan application, funding disbursement, or repayment processes. Cross River will continue to operate as a regulated bank and loan registration entity, with existing credit approval, risk management, and compliance standards remaining unchanged. Both parties have completed a proof of concept for loan tokenization and plan to launch formal operations in early 2027.