SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds
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SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a Stablecoin
Each SOFIE token represents $1 on deposit at SoFi Bank, earning 4.40% APY with FDIC insurance—a yield-and-protection combination ordinary stablecoins lack.
Canada’s six largest banks explore tokenized Canadian dollar deposits
The country’s largest financial institutions are exploring tokenized deposits for interbank payments, just weeks after regulators clarified how they should be treated.
Tokenized Deposits Could Drain $700 Billion From Bank Lending, Dallas Fed Warns
A shift toward faster, more rate-sensitive deposits could push banks into safer assets, constrain lending, and raise borrowing costs, Dallas Fed researchers said.
IBM opens beta Swift ledger link for 24/7 tokenized deposits
IBM’s beta link lets banks instruct tokenized deposit transfers on Swift’s ledger using existing payment messages and compliance processes.
Malaysia central bank launches DLT platform for tokenized bonds
The platform tracks tokenized securities ownership and transfers, linking to Malaysia’s RENTAS+ system to settle corresponding payments in central bank money.
HSBC, Ant Digital test AI-agent payments using tokenized deposits
The technical trial showed how AI agents could discover services and make micropayments using HSBC’s tokenized deposits, with real-time settlement and risk checks.