Lloyds Bank completes UK’s first gilt purchase using tokenized deposits
coindesk|Jan 07, 2026 10:46
Lloyds enlisted the help of Archax and Canton Network to carry out the transaction.
What to know : Lloyds Bank issued tokenized deposits on Canton, and Lloyds Bank Corporate Markets used the deposits to buy a tokenized gilt from Archax. Archax then moved the underlying funds back into its regular Lloyds account.(Coindesk)
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