Canada's 'Big Six' banks to launch interbank tokenized deposit initiative

Initial testing will cover transfers of digital commercial deposits between participating institutions before any connection to broader digital asset ecosystems.

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AuthorCoinDesk Reporting source
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A golden bitcoin coin surrounded by scattered US dollar bills, symbolizing the contrast between digital and traditional currency.
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What happened?

Canada’s Big Six banks are focusing initial testing on moving digital commercial deposits across participating institutions, before linking the initiative to broader digital asset ecosystems.

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