🏦 British banks have carried out the first interbank payments using tokenized pounds
Seven major UK banks — including Barclays, HSBC, Lloyds, NatWest and Santander — completed the first live customer transactions with tokenized deposits on a shared platform. In the pilot, the money was automatically released after meeting the conditions during two refinancings and a purchase on an online marketplace. This is not a stablecoin, but a digital representation of ordinary funds in a bank account with the usual regulatory protection — blockchain is quietly tying on a bank tie. The next step is settlement for digital assets.
Will tokenized deposits become a bridge between banks and the crypto market, or will banks simply build their own private blockchain garden?
Source: UK Finance — https://www.ukfinance.org.uk/news-and-insight/press-release/uk-banks-complete-first-live-customer-transactions-using-tokenised
🖼️ AI illustration created for this post.
#Токенізація #Блокчейн #Фінтех #DigitalMoney
Seven major UK banks — including Barclays, HSBC, Lloyds, NatWest and Santander — completed the first live customer transactions with tokenized deposits on a shared platform. In the pilot, the money was automatically released after meeting the conditions during two refinancings and a purchase on an online marketplace. This is not a stablecoin, but a digital representation of ordinary funds in a bank account with the usual regulatory protection — blockchain is quietly tying on a bank tie. The next step is settlement for digital assets.
Will tokenized deposits become a bridge between banks and the crypto market, or will banks simply build their own private blockchain garden?
Source: UK Finance — https://www.ukfinance.org.uk/news-and-insight/press-release/uk-banks-complete-first-live-customer-transactions-using-tokenised
🖼️ AI illustration created for this post.
#Токенізація #Блокчейн #Фінтех #DigitalMoney
