UK Finance has revealed that the nation’s major financial institutions—specifically Lloyds, NatWest, Barclays, and HSBC—have successfully executed the first interbank transactions utilizing blockchain-based tokenized deposits. These real-world trials spanned online transactions and mortgages. This development paves the way for accelerated banking transfers, innovative applications of digital currency, and the integration of tokenized bonds. UK Banks Test Tokenized Deposits in …
UK Banks Execute First Interbank Transfers in Tokenized Deposit Milestone
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…
