Canada Gives Tokenized Deposits Legal Status Same As Bank Deposits
Sep 11 2026 19:53 UTC - Rizwan Ansari
Canada says tokenized deposits are legally the same as traditional bank deposits, allowing banks to build blockchain-based products.
➤ Canada's OSFI has granted tokenized deposits the same legal status as traditional bank deposits, removing a key regulatory hurdle.
➤ This clarification allows federally regulated institutions to develop blockchain-based deposit products while adhering to existing banking and risk standards.
➤ The move distinguishes tokenized deposits from stablecoins, emphasizing their direct claim on the issuing bank and not the underlying blockchain technology.
Read more at: https://rwatimes.io/articles/coinpedia-canada-gives-tokenized-deposits-legal-status-same-as-bank-deposits-1327409803?utm_source=binance
Sep 11 2026 19:53 UTC - Rizwan Ansari
Canada says tokenized deposits are legally the same as traditional bank deposits, allowing banks to build blockchain-based products.
➤ Canada's OSFI has granted tokenized deposits the same legal status as traditional bank deposits, removing a key regulatory hurdle.
➤ This clarification allows federally regulated institutions to develop blockchain-based deposit products while adhering to existing banking and risk standards.
➤ The move distinguishes tokenized deposits from stablecoins, emphasizing their direct claim on the issuing bank and not the underlying blockchain technology.
Read more at: https://rwatimes.io/articles/coinpedia-canada-gives-tokenized-deposits-legal-status-same-as-bank-deposits-1327409803?utm_source=binance