Quant (@quantnetwork): Tokenised deposits are coming. But can they actually scale?
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Tokenised deposits are coming. But can they actually scale? Every major bank is racing to launch its own version. The problem is that without universal standards, we're just rebuilding the same fragmented system on a new rail. When Lloyds issues a tokenised pound and JP Morgan issues a deposit token, those assets may be technically incompatible, despite representing the same currency. The technology has real promise. But the standards to make it work across institutions don't yet exist. Read this article to understand the standards gap holding back #tokeniseddeposits, why it matters, and what history tells us about how this plays out: https://quant.network/perspectives/why-tokenised-deposits-need-standards-before-scale/ #Blockchain #FinancialInfrastructure #DigitalAssets