Credit Card Giant Mastercard is Piloting Tokenized Bank Deposits in New UK Testbed

“What powers the worldwide financial system right this moment is regulated cash within the banks,” Dhamodharan stated in an interview with CoinDesk. “So we’re beginning with making tokenized financial institution deposits, so the unit of cash in a checking account is a digital asset on the blockchain, bringing the identical degree of programmability to these as you discover with digital forex within the crypto ecosystem.”