Barclays, HSBC, Lloyds and Other UK Banks Test Tokenized Deposits in First Live Customer Transactions
Key Highlights Seven major UK banks—including Barclays, HSBC UK, Lloyds, Monzo, Nationwide, NatWest, and Santander—executed the first live customer transactions using tokenized sterling deposits through the Great British Tokenised Deposit initiative. The pilots covered two remortgage completions and a consumer marketplace purchase, demonstrating automated fund locking and release that reduces settlement delays and counterparty risk. ...