Last month, UK #banks completed the first live customer transactions using tokenised sterling deposits.
🏠 Remortgaging | Hanami
Last month, UK #banks completed the first live customer transactions using tokenised sterling deposits.
🏠 Remortgaging: funds were locked in advance and released automatically at completion
🛒 Buying from a private seller: payment was released only once the goods were exchanged
In both cases, money moved the moment the agreed conditions were met, giving customers more control and helping reduce fraud.
These transactions ran on the #GBTD platform built by Quant, as part of the Great British Tokenised Deposit initiative convened by @UKFtweets with seven UK banks:
https://www.ukfinance.org.uk/news-and-insight/press-release/uk-banks-complete-first-live-customer-transactions-using-tokenised
#TokenisedDeposits #ProgrammableMoney