Programmable money is moving from concept to real-world experimentation.
Five Spanish banks tested tokenized deposits across a shared network, exploring instant settlement, 24/7 operation and programmable financial infrastructure.
ABANCA, Cecabank, Ibercaja, Kutxabank and Unicaja, issued tokenized deposits and transferred them between one another over a shared network.
But what exactly is a tokenized deposit, and why does it matter?
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