Benjamin Isaacson at The Clearing House explains how tokenised deposits could help banks adopt digital assets and integrate them into existing payment systems. Full episode recorded in partnership with LSEG Risk Intelligence at @Sibos Miami 2026:

Digital money is becoming a multi-rail system. Stablecoins, tokenised deposits, MMFs and CBDCs are all gaining corporate attention. The opportunity is no longer just issuing new forms of money. It is building the infrastructure that allows them to move, connect and settle at scale. Source: DBS × EY, The Great Rewiring

Emma Pecenicic of Fidelity International says onchain markets expect cash to settle on the same rails as the assets. She sees stablecoins, tokenised deposits and money market funds as the place to start.

#ProofofFed# (photo taken from inside the Philly Fed today during its fintech conference). I’m grateful to Jalapa to have been invited! And yep, I really did go on the record predicting #tokenizeddeposits# will eat #stablecoins’# lunch. With @ARedbord & @_shawn_main #HazelNetwork#

Stablecoins & payments, 31 Aug - 4 Sep. 22 stories, three that count: The BIS argued tokenised deposits will beat stablecoins in payments. TD finished Agorá testing, 21 banks (@BofA_News , @Citi , @GoldmanSachs ) named 2027. Tether's CEO fired back within a day. Yield is now the product. @MEXC : 10% cashback + 7% APY. @ethena Pay on @avax : 6% + 10%. @stripe hired an exec just for stablecoin cards. Everyone bought the map, not the ledger - Vietnam, the Philippines, South Africa, Korea, LatAm, plus EURC going crosschain via CCTP. Also: MAS opened its stablecoin framework to consultation. Full digest

The HKMA @hkmagovhk has published the Project Ensemble Business Use Case Report, sharing key findings from its Sandbox experiments as Hong Kong advances the commercialisation of tokenisation. As a member of the Project Ensemble Architecture Community, HashKey has been actively contributing to Hong Kong’s tokenisation ecosystem. Together with Bosera, Cinda, CCBA, Fubon and JETCO, we explored the use of tokenised deposits across primary and secondary market transactions of tokenised assets, including OTC and order-book DvP settlement. Pleased to see these efforts reflected in the report, and we look forward to continuing our contribution as Project Ensemble moves towards commercialisation. 💪 📃 Full report:

The latest survey on #tokenization# at investment banks is out. We often talk about the benefits of stablecoins and digital assets in cross-border payments, but some of their most game-changing benefits will be in the less sexy areas of finance, including collateral mobility and the intra-day repo market. Some interesting takeaways from the @SODApublicmoney report include: 1. Tokenization is not an “innovation team” or “IT team” initiative but rather one from the front office and trading desk. Such initiatives have direct PnL implications, which eliminates the need for “window dressing” FinTech experiments we saw in the past decade. 2. Front offices have active involvement in the design and implementation of such projects. And the budget is coming from the business (not the cute innovation budgets like we saw in previous years). 3. The highest priority use cases in the space of collateral mobility consist of using smart contracts for repo contracts, tokenised bonds for collateral and tokenised deposits for settlements. Trillions of dollars are effectively trapped in the global financial ecosystem every day, on top of the high headcount costs incurred by banks. This is a change from previous years where CEOs or COOs would rather kick the can down the road as they would never see the benefits during their tenure. 4. Most banks are still at the early stages but have a defined strategy. When it comes to clients, the biggest challenge remains tech integration (not regulatory uncertainty, as was the case in previous years). 5. An increasing percentage of clients are happy to pay a pricing premium if the benefits are explained. This is also different from previous years where the banks were simply viewing this as an internal cost reduction exercise. This report is worth reading for anyone at the intersection of TradFi and tokenization and interested in the “less sexy” parts of digital assets. Full report is available here: Sponsored by @CantonNetwork