Quant (@quantnetwork): UK banks have completed the first live customer transactions using tokenised sterling deposits, and they ran on the #GBTD platform built by Quant.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- QNT+68Positive
UK banks have completed the first live customer transactions using tokenised sterling deposits, and they ran on the #GBTD platform built by Quant. Delivered through the Great British Tokenised Deposit initiative, convened by @UKFtweets with @Barclays, @HSBC_UK, @LloydsBank, @monzo, @Nationwide, @NatWestGroup and @santanderuk, the transactions included: ➡️ Two remortgage completions, with funds locked and released automatically at completion ➡️ A marketplace purchase from a private seller, with payment released only once the goods were exchanged Payments that execute the moment agreed conditions are met give customers more control and can help reduce fraud. More pilots are expected in the coming months, including digital asset settlement. We're proud to have built the shared infrastructure behind this milestone, alongside @UKFtweets, the participating banks, @EYnews and Linklaters. Read the full announcement: https://www.ukfinance.org.uk/news-and-insight/press-release/uk-banks-complete-first-live-customer-transactions-using-tokenised #TokenisedDeposits #ProgrammableMoney #Payments