Tokenized Deposits
Tokenized Deposit or Deposit Tokenization refers to commercial banks' initiatives to create a digital representation of client's deposits on distributed ledgers to enhance their utility and possible use in payments. Tokenized are viewed as banks' answer to stablecoins and can potentially benefit from a better regulatory environment due to their affinity with banking products.
Tokenized Deposits
Tokenized Deposit or Deposit Tokenization refers to commercial banks' initiatives to create a digital representation of client's deposits on distributed ledgers to enhance their utility and possible use in payments. Tokenized are viewed as banks' answer to stablecoins and can potentially benefit from a better regulatory environment due to their affinity with banking products.
In a speech earlier this month, the Deputy Governor of the Bank of England outlined four areas where the tokenization of money is now actively being explored by the United Kingdom’s central bank.
The Chinese-led mBridge protocol is making progress, with the second digital yuan payment transaction publicly recorded. India's CBDC program has five million users but no public transaction figures to share. Experimentation with tokenization is expanding across the region.
Observers
The Chinese-led mBridge protocol is making progress, with the second digital yuan payment transaction publicly recorded. India's CBDC program has five million users but no public transaction figures to share. Experimentation with tokenization is expanding across the region.
Observers
In a speech earlier this month, the Deputy Governor of the Bank of England outlined four areas where the tokenization of money is now actively being explored by the United Kingdom’s central bank.
Jack Martin
