Lloyds Bank, Archax and Canton Network Complete UK’s First Gilt Purchase Using Tokenised Deposits

Lloyds Banking Group has completed a landmark digital finance transaction executing the first-ever Gilt purchase using tokenised deposits. The transaction, carried out in partnership with Archax and the Canton Network, marks the first time tokenised deposits have been issued on a public blockchain in the UK — and the first global use of tokenised sterling deposits. How the Transaction Worked The transaction involved Lloyds Bank PLC issuing tokenised deposits directly on the Canton Network, a privacy-en ...