Six Canadian banks — Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Scotiabank and TD Bank Group — are jointly exploring a shared Canadian-dollar tokenized-deposit system. Announcements published by Scotiabank and CIBC on Sept. 22 say the first... Read the full story at The Defiant
Crypto
Six Canadian Banks Outline First Phase of Tokenized Deposit Project
The exploratory project would first move deposits among participating institutions, while a US counterpart names its operator and payment rails.
