The Reserve Bank of Australia (RBA) has launched a consultation on wholesale CBDC and asset tokenization with the Digital Finance...
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.
Ledger Insights Research has published a report on tokenized deposits, bank stablecoins and DLT payments, providing a map and description of more than 70 projects. It also explores design criteria in depth.
Tokenized deposit report
Ledger Insights Research has released a report exploring bank stablecoins, tokenized deposits and DLT payments. It provides a project...
Bank of Korea signs agreement with regulators for CBDC, tokenized deposit trials
In September the Korean press reported that the central bank was preparing for a tokenized deposit trial targeting around 100,000 people...