Canada: tokenized deposits remain ordinary bank deposits
- —OSFI: technology does not determine the legal nature of a financial product
- —A tokenized deposit remains a claim on a regulated bank, not a crypto asset
- —Banks must coordinate new products with their OSFI supervisor
- —New capital rules for crypto assets take effect between November 2026 and January 2027
Why it matters: The clarification removes regulatory uncertainty and opens the way for Canadian banks to offer tokenized deposits without a separate crypto regime.
Source: Yahoo Finance Crypto