UK Banks Make History With First Interbank Transactions Using Tokenized Deposits

The post UK Banks Make History With First Interbank Transactions Using Tokenized Deposits appeared first on Coinpedia Fintech News

UK Finance has announced the first interbank transactions using blockchain-based tokenized deposits. Britain’s biggest banks, including Lloyds, NatWest, Barclays and HSBC, completed real-world tests across mortgage and online payments.The move could now open the door to faster bank payments, a new way to use digital money and tokenized bonds. UK Banks Test Tokenized Deposits in …