4 hours ago
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Key Takeaways
- Seven banks joined shared tokenised-deposit infrastructure.
- Live sterling funded two completed remortgages.
- Marketplace money moved, but goods were simulated.
- Deposits remained regulated commercial-bank money.
- Three digital bonds are planned for 2027.
Two remortgages completed and one marketplace payment moved between UK banks after preset conditions were met, using ordinary customer deposits connected through shared blockchain infrastructure.
The transactions were completed through the Great British Tokenised Deposit initiative, or GBTD. Barclays, HSBC UK, Lloyds Banking Group, Monzo, Nationwide, NatWest and Santander participate in the project, although smaller groups of banks conducted the individual transactions.
Transaction record
Money transferred: Live customer sterling
Completed uses: Two remortgages and one marketplace payment
Property transactions: Real
Marketpl...
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