🇬🇧 UK BANKING JUST TOOK ANOTHER STEP TOWARD ON-CHAIN FINANCE
Something interesting is happening in traditional banking.
Lloyds, NatWest and Barclays have completed interbank transactions using tokenised deposits, while HSBC was also involved in testing a programmable payment scenario. These transactions were part of the Great British Tokenised Deposit project.
What caught my attention is that this isn’t simply banks experimenting with crypto.
Tokenised deposits are basically digital representations of commercial bank deposits that can move through blockchain-based infrastructure while remaining inside the regulated banking system.
The bigger opportunity here is programmability.
Imagine payments that can automatically settle when certain conditions are met, reducing manual processes, settlement friction and potentially some types of fraud.
To me, this is another sign that blockchain adoption may not always arrive through retail crypto first. It could quietly enter the financial system through banks, payments, settlement and tokenised assets.
The real question now is how quickly these experiments can move from pilots into production at scale.
$LTC $NIL
#Crypto #Blockchain #Tokenization #defi #DigitalAssets
Something interesting is happening in traditional banking.
Lloyds, NatWest and Barclays have completed interbank transactions using tokenised deposits, while HSBC was also involved in testing a programmable payment scenario. These transactions were part of the Great British Tokenised Deposit project.
What caught my attention is that this isn’t simply banks experimenting with crypto.
Tokenised deposits are basically digital representations of commercial bank deposits that can move through blockchain-based infrastructure while remaining inside the regulated banking system.
The bigger opportunity here is programmability.
Imagine payments that can automatically settle when certain conditions are met, reducing manual processes, settlement friction and potentially some types of fraud.
To me, this is another sign that blockchain adoption may not always arrive through retail crypto first. It could quietly enter the financial system through banks, payments, settlement and tokenised assets.
The real question now is how quickly these experiments can move from pilots into production at scale.
$LTC $NIL
#Crypto #Blockchain #Tokenization #defi #DigitalAssets
