tokenized deposits

Visa outlined its stablecoin strategy during the Q3 earnings call, emphasizing investments in OpenUSD, tokenized deposits, and AI-powered commerce. The company is focusing on expanding its presence across the stablecoin stack.

Swift has launched a pilot enabling 17 global banks to conduct tokenized deposit transfers on weekends, though final settlement still depends on legacy financial systems.

Swift launched a blockchain-based ledger to enable 17 banks to pilot 24/7 cross-border payments using tokenized deposits. The initiative aims to enhance cross-border transaction efficiency through tokenization technology.

EU officials plan to revise the Markets in Crypto-Assets (MiCA) framework, referred to as 'MiCA 2.0,' in response to a U.S. stablecoin law and regulations on tokenized payments and deposits. The changes aim to address non-EU stablecoin issuers.

Mastercard has obtained a New York BitLicense, a critical regulatory approval for its compliance-focused approach to stablecoins and tokenized deposits in the financial sector.

The UK government is planning to overhaul regulations for stablecoins and tokenized deposits as part of its digital markets strategy. Chris Woolard, a former FCA official, has been appointed to support this initiative.

The UK's HM Treasury proposed unifying payments rules for traditional services, stablecoins, and tokenized deposits during Fintech Week in London. The plan aims to integrate regulatory frameworks across emerging financial technologies and conventional systems.

The French minister has urged European banks to expand euro stablecoins and tokenized deposits as the dollar-pegged stablecoin supply exceeds $300 billion. The push aims to promote euro-based digital assets amid growing global reliance on U.S. dollar-linked stablecoins.