ExchangeDEX+

Buy Crypto Markets Spot FuturesGOLD Earn Event Center

PANews reported on September 26th that the UK's largest lenders are moving forward with plans to launch tokenized versions of customer deposits next year, according to Global Markets. This move by the banks responds to Bank of England Governor Andrew Bailey's call for tokenization technology to be prioritized over stablecoins. The UK Finance Association revealed on Friday that HSBC, NatWest, Lloyds Bank, and others have launched pilot projects using tokenized deposits for payments through online marketplaces. The UK tokenized deposit pilot, which also involves Barclays, Nationwide Building Society, and Santander, will run until mid-2026. The pilot will also test the use of tokenized deposits in mortgage refinancing and digital asset settlements. Although the UK's Financial Conduct Authority (FCA) isn't expected to finalize stablecoin regulations until the end of 2026, the Bank of England has made it clear that banks can experiment with tokenized deposits within the existing regulatory framework. Currently, several major banks are simultaneously researching tokenized deposits and stablecoins. Citigroup's CEO stated in July that tokenized deposits could potentially surpass stablecoins in importance.PANews reported on September 26th that the UK's largest lenders are moving forward with plans to launch tokenized versions of customer deposits next year, according to Global Markets. This move by the banks responds to Bank of England Governor Andrew Bailey's call for tokenization technology to be prioritized over stablecoins. The UK Finance Association revealed on Friday that HSBC, NatWest, Lloyds Bank, and others have launched pilot projects using tokenized deposits for payments through online marketplaces. The UK tokenized deposit pilot, which also involves Barclays, Nationwide Building Society, and Santander, will run until mid-2026. The pilot will also test the use of tokenized deposits in mortgage refinancing and digital asset settlements. Although the UK's Financial Conduct Authority (FCA) isn't expected to finalize stablecoin regulations until the end of 2026, the Bank of England has made it clear that banks can experiment with tokenized deposits within the existing regulatory framework. Currently, several major banks are simultaneously researching tokenized deposits and stablecoins. Citigroup's CEO stated in July that tokenized deposits could potentially surpass stablecoins in importance.

Several UK institutions launch tokenized deposit pilot project

2025/09/26 17:15

Although the UK's Financial Conduct Authority (FCA) isn't expected to finalize stablecoin regulations until the end of 2026, the Bank of England has made it clear that banks can experiment with tokenized deposits within the existing regulatory framework. Currently, several major banks are simultaneously researching tokenized deposits and stablecoins. Citigroup's CEO stated in July that tokenized deposits could potentially surpass stablecoins in importance.

Market Opportunity

Movement Price(MOVE)

$0.03312

$0.03312$0.03312

+0.30%

USD

Movement (MOVE) Live Price Chart

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.