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

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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The initiative is separate from the retail digital euro pilot planned for 2027.
Read the briefECB Executive Board member Isabel Schnabel argues that tokenised finance needs a safe, elastic settlement asset, while Appia and Pontes explore how central bank money could operate on distributed ledgers.
Read the brief