Tokenised deposits and the future of money

Tokenised deposits are putting commercial banks back in the centre of the evolution of digital money. Lee McNabb, head of digital assets at NatWest Group, joins John Orchard, chairman of the Digital Monetary Institute at OMFIF, about the benefits and remaining challenges of bringing tokenised commercial bank money to wholesale and retail users. They discuss the ways central banks and policy-makers are working on this development, which will allow the existing financial architecture to combine the benefits of blockchain with the guardrails and infrastructure of the two-tier financial system. Read the latest edition of the Digital Monetary Institute Journal for more insights on tokenised deposits.