Link to announcement from Lloyds below:
announcement
- Lloyds Banking Group, Archax and Canton Network partner for globally pioneering transaction, successfully completing the first Gilt purchase using Tokenised Deposits.
- Lloyds says it was able to issue the tokenised sterling deposits, which are digital tokens that represent money held by a bank, on the Canton Network , a public blockchain network for regulated financial markets. It then used the digital assets to purchase a tokenised gilt from Archax, a UK-based crypto exchange.
- During the transaction, Lloyds says it "also ran its own validator node on the Canton Network, which verifies and secures transactions on the network, ensuring customer resources are managed with the same security and standards the bank uses for cash deposits".
- Todor
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Todor Kostov
Director
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