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Money · Cost of Living
Royal Bank, TD, Scotiabank, BMO, CIBC and National Bank are jointly developing tokenized deposits, a blockchain-based alternative to stablecoins that regulators say changes nothing about how deposits are legally protected.
Technology · Gadgets & Games
BMO, CIBC, National Bank, RBC, Scotiabank and TD say they are piloting tokenized deposits on a common ledger, framing it as consumer benefit while leaving smaller lenders outside the room.
Money · Startups & Tech Money
The Clearing House named Quant as the interoperability vendor for a tokenized-deposit network spanning 25 banks, and the announcement sent Quant's token surging even though the deal is a software licensing arrangement between financial institutions.
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