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Euronews
Euronews
Quirino Mealha

Britain's largest banks make first interbank transactions using tokenised deposits

United States Bank of England blockchain Barclays HSBC Lloyds NatWest

Pounds held in ordinary bank accounts have moved between rival lenders on blockchain rails for the first time.

Lloyds, NatWest and Barclays carried out two remortgage transactions using tokenised deposits, while a group of three banks including HSBC ran a customer-to-customer payment simulating an online marketplace purchase, industry body UK Finance announced on Thursday.

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