UK banks complete first interbank transfers using tokenised deposits

Crypto Insight Summary: The largest banks in Britain have done their initial transfers of tokenised deposits among the banks, moving blockchain-based bank money past experimentation and nearer to a viable settlement method for tokenised assets. This means tokenised deposits compete with or operate alongside stablecoins, Reuters reports. Two mortgage trades and a marketplace payment The transactions were done... Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Institutional adoption of tokenized deposits may increase blockchain use but doesn't directly impact crypto markets.