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Executive Board member Isabel Schnabel laid out three technical paths the ECB is studying to settle tokenized assets with central bank money, without committing to any of them.
Bank of Spain governor José Luis Escrivá called tokenised bank deposits 'a clear alternative to cryptocurrencies' at a September 15 forum, as the digital euro project moves toward strict wallet caps and European regulators seek to loosen MiCA's stablecoin reserve rules.
Ondo Finance has launched three tokenized portfolio products built on investment strategies designed by BlackRock, available to eligible investors outside the United States on Ethereum and BNB Chain.
BMO, CIBC, National Bank, RBC, Scotiabank and TD have announced a joint effort to develop tokenized deposits backed by the Canadian dollar, aiming to build faster and programmable payment infrastructure while linking Canada's banking system to global digital asset initiatives.
The UK government plans to give the Bank of England a new secondary objective to support innovation in payments and digital money, including stablecoins, with amendments to the Financial Services and Markets bill due before the House of Lords this month.