Brevan Howard Digital (BH Digital), the dedicated digital asset division of Brevan Howard, is the latest client of Onyx by JP Morgan...
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.
Visa confirms platform for stablecoins, tokenized deposits. BBVA first client bank
Today Visa formally unveiled its Visa Tokenized Asset Platform (VTAP) to support stablecoins and tokenized deposits. Spanish bank BBVA...
HK’s Bank of East Asia tests stablecoin issuance using UDPN
Hong Kong’s Bank of East Asia (BEA) recently conducted a proof of concept (PoC) involving issuing stablecoins using the Universal...