SWIFT's new blockchain-based ledger pilot allows 17 global banks to transfer tokenized deposits on weekends, improving client experience and liquidity efficiency. Major institutions like Citi, HSBC, and Wells Fargo are participating, though ultimate settlement still relies on legacy systems.
Japan's ruling LDP proposes a five-year roadmap for stablecoins and tokenized deposits, aiming to secure on-chain financial sovereignty and avoid falling behind global payment systems. The plan involves studying tokenized deposits, CBDCs, and cross-border stablecoin use.
The Bank of England will start accepting applications for systemic stablecoin issuers by the end of 2026, treating stablecoins as a new form of money requiring robustness equal to traditional forms, with the UK's regime aiming for interoperability among new money types.
Regional lenders gain access to infrastructure for stablecoins, tokenized deposits and crypto-backed lending without building systems in-house, signaling wider bank adoption.
