Scotiabank, five Canadian peers explore tokenized Canadian-dollar deposit solution

By Public Technologies
  • Scotiabank joined five Canadian peers to explore a secure Canadian-dollar tokenized deposit solution.
  • The group aims to develop faster, more efficient, programmable payments while maintaining security, stability, regulatory oversight.
  • Initial phase targets efficient transfers of tokenized deposits between Canadian financial institutions.
  • Longer-term plan seeks links with other emerging digital-asset initiatives.
  • Participants include RBC, TD, BMO, CIBC, National Bank of Canada.


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