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SWIFT Tests Tokenized Deposit Transfers with 17 Global Banking Giants
The Society for Worldwide Interbank Financial Telecommunication, commonly known as SWIFT, has initiated a pilot project to facilitate cross-border payments using tokenized deposits. This ambitious trial involves a conso…
OSFI Confirms Tokenized Deposits Share Same Legal Status as Traditional Cash
The Office of the Superintendent of Financial Institutions (OSFI) in Canada has issued a definitive statement clarifying the regulatory standing of digitalized financial instruments. According to the federal regulator, …
Japan’s Banking Sector Initiates Trial for Tokenized Deposit Transfers
A consortium of approximately 40 Japanese financial institutions has launched a pioneering pilot program designed to facilitate interbank transfers using tokenized deposits. This initiative seeks to modernize the nation…
Major US Banks to Launch Shared Tokenized Deposit Network by 2027
A consortium of the United States' largest financial institutions is preparing to revolutionize interbank settlements by integrating blockchain technology into the traditional banking infrastructure. According to recent…
HSBC Completes Tokenized Deposit Pilot on Canton Network Blockchain
The multinational banking giant HSBC has successfully concluded a pilot project for its Tokenised Deposit Service (TDS) on the Canton Network. This initiative, spearheaded by HSBC’s Global Payments Solutions, marks a si…
Swift Advances Shared Ledger MVP for Bank Tokenized Deposits
The global financial messaging provider Swift has successfully completed the design phase of its blockchain-based shared ledger project. This initiative, conducted in collaboration with several prominent international b…