Seven of the UK's biggest banks just moved real customer money as tokens 👀
Barclays, HSBC, Lloyds, Monzo, Nationwide, NatWest and Santander completed the first live interbank payments with tokenized sterling deposits, including remortgage payments and a consumer purchase. Quant built the shared platform, and the UK Treasury called it "practical, real-world benefits".
The detail that matters: these tokens stay bank deposits, with the usual deposit protection, which puts them in a different lane from stablecoins. Next, the group plans to test settling digital assets with the same tokenized money.
Tokenized bank deposits or stablecoins, which one would you rather hold? Pick one 👇
Follow Dlicom and catch the moves worth your attention every day 🔥
Barclays, HSBC, Lloyds, Monzo, Nationwide, NatWest and Santander completed the first live interbank payments with tokenized sterling deposits, including remortgage payments and a consumer purchase. Quant built the shared platform, and the UK Treasury called it "practical, real-world benefits".
The detail that matters: these tokens stay bank deposits, with the usual deposit protection, which puts them in a different lane from stablecoins. Next, the group plans to test settling digital assets with the same tokenized money.
Tokenized bank deposits or stablecoins, which one would you rather hold? Pick one 👇
Follow Dlicom and catch the moves worth your attention every day 🔥
