Today Bloomberg reported that State Street is exploring participating in various digital currency initiatives. The bank is already an...
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.
Japanese tokenized deposit platform DCJPY starts production testing
DeCurret DCP, the company behind the DCJPY tokenized deposit network, said it has started production testing of the network. It expects...
BNP Paribas, Ant collaborate on tokenized deposits
BNP Paribas and Ant International are collaborating on several fronts for international payments. One area involves exploring tokenized...