Canada's Big Six banks build tokenized deposit rails in race over on-chain money

Crypto Insight Summary: The six biggest banks in Canada are working together on Canadian dollar tokenized deposits. This is part of a bigger worldwide venture that aims to see what type of currency will be used for the settlement of tokenized payments, securities, and real-world assets. In the project, Bank of Montreal, National Bank of Canada, Royal Bank... Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Institutional tokenization efforts signal adoption but lack immediate market impact.