National Bank of Canada joins five peers to explore secure CAD tokenized deposit solution
Bitget2026/09/22 12:30- National Bank of Canada joined five peers to explore a secure Canadian-dollar tokenized deposit solution, starting with a tokenized deposits initiative.
- Project targets faster, more efficient, programmable payments while preserving safety, stability, and regulatory oversight.
- First phase aims to enable tokenized deposits to move efficiently across Canadian financial institutions.
- Longer-term goal includes connecting with other emerging digital-assets initiatives as digital money evolves globally.
- Collaboration includes BMO, CIBC, RBC, Scotiabank, TD; other deposit-taking institutions may join later.
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