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Six Canadian Banks Outline First Phase of Tokenized Deposit Project

Six Canadian banks — Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Scotiabank and TD Bank Group — are jointly exploring a shared Canadian-dollar tokenized-deposit sy...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Six Canadian Banks Outline First Phase of Tokenized Deposit Project
Six Canadian banks — Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Scotiabank and TD Bank Group — are jointly exploring a shared Canadian-dollar tokenized-deposit system. Announcements published by Scotiabank and CIBC on Sept. 22 say the first... Read the full story at The Defiant

Why this matters

This maps to the Institutional Adoption hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.

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