UK’s largest banks complete world’s first interbank transactions using tokenized deposits

Crypto Insight Summary: Barclays, NatWest, and HSBC and others used tokenized deposits for remortgages and a marketplace-payment test, taking bank-issued digital cash beyond a single institution. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Tokenized deposits adoption by banks may drive institutional interest but has limited direct impact on crypto markets.