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