Major UK Banks Complete Interbank Transfers Using Tokenized Deposits
CoinDesk reports that the UK’s largest banks have completed what it describes as the first interbank transactions using tokenized deposits.
The UK’s largest banks have carried out interbank transactions using tokenized deposits, according to CoinDesk.
The report describes the transfers as a world first. Tokenized deposits are digital representations of bank deposits, distinct from cryptocurrencies such as bitcoin.
The supplied report did not identify the participating banks or provide details about transaction values, the technology used or plans for wider deployment.
Source: CoinDesk
