Cross River and Offchain Complete Loan Tokenization Test

Cross River Bank and Offchain Labs have completed a proof of concept for recording loans on Arbitrum One from origination, and are targeting production deployment in early 2027, the companies said. The proposed system would create a blockchain record when a loan is made, tracking ownership and key activity such as funding, payments and servicing as the loan is held or transferred. The project remains under development, and the companies have not announced a specific launch date beyond the early-2027 target. Cross River says it will remain the regulated bank and lender of record, retaining responsibility for underwriting, risk management and compliance. The bank says the tokenized records would not change its existing lending oversight. Borrowers are expected to continue applying, receiving funds and making repayments through the customer-facing services they already use. ZeroDev wallet infrastructure would handle blockchain functions behind those services, according to Cross River’s project description. The bank says the system could support continuous forward-flow purchase programs, varied commitment sizes and additional ways to package loans for credit investors. It has...