**🚨 BREAKING: UK Banks Just Made Blockchain History! 🚨**
Britain's biggest banks (Lloyds, NatWest, Barclays and HSBC) completed the world's first interbank transactions using tokenized deposits. 🏦⛓️
What happened:
• Lloyds, NatWest and Barclays completed 2 live mortgage remortgage transactions
• HSBC led a marketplace payment test, with funds held until delivery was confirmed
• Deposits from different banks moved across separate blockchain systems and settled automatically
• Tech partner: Quant Network
Why it matters for crypto:
The Bank of England prefers bank-issued tokenized deposits over private stablecoins like USDT and USDC. This is a new form of digital money competing in the same space. 👀
What's next:UK Finance plans three tokenized digital bonds in early 2027.
Will tokenized bank deposits compete with stablecoins or work alongside them? Share your view below 👇
*For information only. DYOR.*
#RWA #CryptoNews #Binance #BinanceSquare $QNT $BCH
Britain's biggest banks (Lloyds, NatWest, Barclays and HSBC) completed the world's first interbank transactions using tokenized deposits. 🏦⛓️
What happened:
• Lloyds, NatWest and Barclays completed 2 live mortgage remortgage transactions
• HSBC led a marketplace payment test, with funds held until delivery was confirmed
• Deposits from different banks moved across separate blockchain systems and settled automatically
• Tech partner: Quant Network
Why it matters for crypto:
The Bank of England prefers bank-issued tokenized deposits over private stablecoins like USDT and USDC. This is a new form of digital money competing in the same space. 👀
What's next:UK Finance plans three tokenized digital bonds in early 2027.
Will tokenized bank deposits compete with stablecoins or work alongside them? Share your view below 👇
*For information only. DYOR.*
#RWA #CryptoNews #Binance #BinanceSquare $QNT $BCH
