UK Starts Tokenized Deposit Experiment with Major Banks

Three major British financial firms (Barclays, Lloyds Banking Group, and Citi) are testing tokenized deposits in which money is represented by digital tokens that have a dedicate blockchain in a trial run that began in February 2023.  This trial, coupled with public backing from both global card networks Mastercard and Visa and therefore this trial […] source: https://www.cryptopolitan.com/uk-starts-tokenized-deposit-with-major-banks/