Tokenized deposits on the Canton Network are gaining traction, with HSBC, Lloyds, and JPMorgan committing to the platform. Bernhard Elsner, Chief Product Officer at Digital Asset, explains that tokenized deposits are structurally distinct from stablecoins, as they are a digital representation of a commercial bank deposit on a blockchain. This means they carry the same legal status as a traditional deposit account, with capital requirements, supervisory oversight, and deposit insurance. #cryptocurrency #blockchain #institutionalfinance
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