Canada's Big 6 banks just went live with tokenized deposit trials.

BMO, CIBC, National Bank, RBC, Scotiabank, TD—all testing interbank settlement on-chain.

Phase 1: moving tokenized $CAD between institutions. Phase 2: opening doors to other deposit-takers.

This isn't some pilot buried in a press release. This is institutional rails being built in real-time.

TradFi finally realizing permissioned stablecoins > correspondent banking.

Watch how fast this scales once they taste 24/7 settlement and sub-second finality.