Barclays, NatWest, and HSBC and others used tokenized deposits for remortgages and a marketplace-payment test, taking bank-issued digital cash beyond a single institution. Seven of the U.K.’s largest banks completed the world’s first customer transactions using tokenized British pound deposits on a shared platform built by Quant. The trial included remortgage payments and a consumer purchase, testing whether regulated bank money can move between institutions and support retail payments. Tokeniz…
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