RBC, five Canadian banks explore joint CAD tokenized deposit solution
RY•Longer-term digital-asset plans
The longer-term goal includes linking with other emerging digital-asset initiatives.
Canadian banks develop tokenized deposit solution
RBC joined five Canadian banks to develop a secure Canadian dollar tokenized deposit solution.
The initial phase targets efficient transfers of tokenized deposits between Canadian financial institutions.
The project aims to support faster, more efficient, programmable payments while maintaining security, stability and regulatory oversight.
The group plans to add other deposit-taking institutions over time.
