Episode Details

Banks are embracing tokenized deposits, a new report from RWA dot io reveals. Major players like Citi, BNY Mellon, JPMorgan, and Standard Chartered are testing this tech, which represents real bank deposits backed by standard rules. Unlike stablecoins, tokenized deposits stay in the regulated banking world. Pilots are underway in Europe, with Lloyds Banking Group and Archax completing the UKs first public blockchain deal using tokenized deposits. Industry voices see tokenized deposits as a bridge to fully onchain finance, with commercial bank money still dominating global finance.

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