[Canada's VersaBank Adds Foreign Exchange Functionality to Its Tokenized Deposit Platform] According to Cointelegraph, Canadian chartered bank VersaBank has added foreign exchange functionality to its tokenized deposit platform, allowing users to perform real-time conversions between USD and CAD on the blockchain-based platform. This feature utilizes Real Bank Tokenized Deposits (RBTDs) to enable 24/7 real-time currency exchange, aiming to improve cross-border transactions by reducing reliance on traditional foreign exchange rails. RBTDs are tokenized versions of bank deposits that can be transferred on blockchain infrastructure, while remaining liabilities of the issuing bank, backed 1:1 by customer deposits. Unlike stablecoins issued by traditional non-bank entities, they operate within the conventional banking system. This update marks a step in the platform's commercialization process, as VersaBank has been piloting its tokenized deposit system since last year.