UK BANKS PILOT TOKENISED DEPOSIT TRANSACTIONS

Summary from the TLDR Fintech newsletter

UK banks have collaborated to complete the first live customer transactions using tokenised sterling deposits. The transactions were delivered through the Great British Tokenised Deposit (GBTD) initiative, which was convened by UK Finance and involves Barclays, HSBC UK, Lloyds Banking Group, Monzo, Nationwide, NatWest, and Santander.