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Canadaโ€™s Big Six banks launch a joint tokenized deposit network to accelerate domestic payments ๐Ÿš€

The consortium will create a shared interbank token that enables instant settlement across participating institutions. Faster transfers reduce liquidity costs and improve customer experience. Regulators are monitoring the pilot as a potential model for broader digital asset integration. ๐Ÿ’ก

Stay tuned for updates. ๐Ÿ””

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