According to Reuters, major UK banks like Lloyds, NatWest, Barclays, and HSBC have completed the world’s first interbank transfers using tokenized deposits. The test scenarios included two mortgage transactions and a simulated P2P payment for online shopping. Programmable deposits can automatically release funds once conditions like goods delivery or property transaction completion are met. The Bank of England previously stated that it prefers banks to develop tokenized deposits with the same legal status as traditional bank deposits, rather than relying on privately issued stablecoins. https://www.(wublock123.com)/news/uk-banks-complete-first-tokenized-deposit-interbank-transfer-68910