Barclays, Citi Are Among Banks Testing Tokenized Deposits in UK
- Latest pilot started in February, technology provider says
- Mastercard, Visa also involved in the experimental ledger
The headquarters of Barclays Plc in the Canary Wharf financial district in London, UK.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Industry body UK Finance is expanding its pilot of an experimental shared ledger to track banking payments, hoping to join some of the dots in the nascent world of digital assets.
Banks including Barclays Plc, Lloyds Banking Group Plc and Citigroup Inc. as well as card networks Mastercard Inc. and Visa Inc. are involved in this phase of the pilot, UK Finance said in a statement Monday