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Britain's largest banks make first interbank transactions using tokenised deposits

Britain's largest banks have completed what the industry describes as the first transactions anywhere using tokenised deposits to move money between one another, a milestone for a blockchain-based form of bank money…

1 report1 sourceSep 24, 2026, 8:55 AM
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EuronewsSep 24, 2026, 8:55 AM

Britain's largest banks make first interbank transactions using tokenised deposits

Britain's largest banks have completed what the industry describes as the first transactions anywhere using tokenised deposits to move money between one another, a milestone for a blockchain-based form of bank money that the Bank of England favours over privately issued stablecoins.

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