Canada's OSFI just dropped clarity on tokenized deposits: they're legally the SAME as regular deposits.
Key points:
• Tech-neutral stance - doesn't matter if it's on-chain or legacy rails
• Banks still own compliance, even when outsourcing to third parties
• Must consult OSFI before launching novel products
This is actually bullish for institutional adoption. No separate regulatory framework = less friction for banks to tokenize.
Meanwhile tradfi is slowly embracing on-chain infrastructure. The rails are being built whether retail notices or not.
Watch which Canadian banks move first on tokenized deposits. That's where the alpha is.
Key points:
• Tech-neutral stance - doesn't matter if it's on-chain or legacy rails
• Banks still own compliance, even when outsourcing to third parties
• Must consult OSFI before launching novel products
This is actually bullish for institutional adoption. No separate regulatory framework = less friction for banks to tokenize.
Meanwhile tradfi is slowly embracing on-chain infrastructure. The rails are being built whether retail notices or not.
Watch which Canadian banks move first on tokenized deposits. That's where the alpha is.