Sarah Breeden, Deputy Governor of the Bank of England, outlined some steps the central bank is taking to support innovation during...
Tokenized deposits
Increasingly tokenized deposits or deposit tokens are viewed as an alternative to stablecoins or a retail CBDC, preserving the two tier banking system. Payments with tokenized deposits can be functionally more complex compared to stablecoins and CBDC. When someone pays using a bank token, there is additionally a movement in conventional money.
Some countries, such as Korea and Brazil, are additionally exploring wholesale CBDCs as an interbank settlement asset. Banks are exploring various use cases, ranging from wholesale or interbank use to corporate applications and consumer payments.
Largest UK banks join Regulated Liability Network trials as R3, Quant tech selected
UK Finance announced that the Regulated Liability Network (RLN) has entered a new phase of experimental trials in the UK. The RLN...
Finternet: The BIS vision that underpins the Unified Ledger tokenization push
Today the BIS published a vision paper – the Finternet – that provides the North Star for its concept of a Unified...