3h ago
RWA.io report: Banks accelerate tokenized deposits to bring cash onchain
Banks are ramping up tests of tokenized deposits to move commercial bank money onto blockchain-based payment and settlement rails. The RWA.io report says these bank-issued liabilities are developing alongside stablecoins and CBDCs within an emerging onchain cash stack, with multiple pilots underway in Europe. It also notes the ECB's parallel work on digital euro infrastructure, including Pontes, which is scheduled to launch in Q3 2026.