Yesterday consultants Oliver Wyman published a report in conjunction with Onyx by JP Morgan on blockchain and tokenized bank deposits as a form of payment. The report delves into the differences between stablecoins and deposit tokens, arguing in favor of regulated deposit tokens and exploring their use cases.
“We believe deposit tokens will become a widely used form of money within the digital asset ecosystem alongside central bank digital currencies,” said Basak Toprak, Global Product Head of Deposit Tokens at Onyx by J.P. Morgan.
In contrast to some blockchain-based deposit accounts, the report focuses on deposit tokens that are native to the blockchain rather than accounts that represent an amount in a legacy account.
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