Quant (@quantnetwork): Before a bank writes a single line of code for #tokeniseddeposits, there's one architectural decision that shapes everything downstream: where the fia…
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Before a bank writes a single line of code for #tokeniseddeposits, there's one architectural decision that shapes everything downstream: where the fiat sits, and which ledger is authoritative for customer positions. Choosing it late or getting it wrong is an expensive mistake to unwind once a programme is already underway. In this joint piece with @Capgemini, we break down two account models for tokenised deposits: - Mirror model - core banking stays the source of truth, the token is a synchronised 1:1 representation - Omnibus model - a single pooled reserve backs all tokens, and the token ledger becomes authoritative Neither is universally right. This paper covers where each model holds up, where it strains, and the five-layer architecture emerging for legacy-to-DLT integration: https://quant.network/perspectives/reimagining-payment-architecture-for-tokenised-deposits-and-dlt-based-funds-transfer/ #Payments #DLT