UK banks complete first interbank transfers using tokenised deposits
- —Lloyds, NatWest and Barclays settled two mortgage transactions in tokenised deposits
- —HSBC and two lenders tested P2P trades with programmable deposits
- —Three digital bonds are planned for issue in Q1 2027
- —The Bank of England favours bank-issued tokens over private stablecoins
Why it matters: Banks are challenging stablecoins in settlement; the pilot's success will shape who builds the UK's tokenisation infrastructure.
Source: BeInCrypto KR