CIBC joins five Canadian banks to explore CAD tokenized deposit initiative
CM•Canadian banks explore tokenized deposit solution
CIBC joined five Canadian peers to explore a secure Canadian dollar tokenized deposit solution, starting with a tokenized deposits initiative.
The consortium targets faster, more efficient, programmable payments while maintaining safety, stability, and regulatory oversight.
Phase one aims to move tokenized deposits across Canadian financial institutions.
The group set a longer-term goal to link with other emerging digital asset initiatives.
The project was announced Sept. 22, 2026.
