UK banks complete interbank transfers using tokenised blockchain deposits
- Major UK banks completed the world's first interbank transactions using tokenised commercial bank deposits.
- Lloyds, NatWest, and Barclays executed two remortgage transactions to test cross-bank digital deposit transfers.
- HSBC joined a separate trial simulating person-to-person payments for online marketplace transactions using programmability.
- Participating institutions plan to issue three digital bonds settled with tokenised deposits in early 2027.
Source: reuters.com
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