UK Banks Advance Tokenization of Deposits

UK Finance, the trade association representing over 300 financial institutions, announced the launch of a groundbreaking two-year pilot for tokenized sterling deposits GBTD. This initiative involves six of the UK’s largest banks—Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide, and Santander—and marks the country’s first live transactions using digital representations of traditional commercial bank money on

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