# Tokenized Deposits by UK Banks
Lloyds, NatWest, Barclays, and HSBC have completed the world’s first batch of interbank transactions using tokenized deposits, according to a report from Cointelegraph.
This won’t change the order books of any coins in the short term, but it does indicate that the ledger layer for interbank settlement is being rebuilt. What really needs attention is whether a second tier of banks follows suit, and whether this system is connected to a public chain. If it remains only within a closed-loop consortium, the spillover of on-chain assets will be limited.
$NEAR $PENGU $ZRO
Lloyds, NatWest, Barclays, and HSBC have completed the world’s first batch of interbank transactions using tokenized deposits, according to a report from Cointelegraph.
This won’t change the order books of any coins in the short term, but it does indicate that the ledger layer for interbank settlement is being rebuilt. What really needs attention is whether a second tier of banks follows suit, and whether this system is connected to a public chain. If it remains only within a closed-loop consortium, the spillover of on-chain assets will be limited.
$NEAR $PENGU $ZRO
