DeFi· ★★★· bullish·

Vantage and Rio Bank Settle Loan Payment With Tokenized Deposits on Ethereum

  • —Loan payment settled on Ethereum using tokenized deposits
  • —Funds reached the receiving bank in under three minutes
  • —Loan balance and notices updated together with the payment
Why it matters: The pilot shows tokenized deposits can replace slow interbank settlement in lending, a potential use case for bank-issued blockchain money.
Source: The Defiant
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