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Today, in crypto, UK Finance launched a tokenized deposits pilot in partnership with six major banks, including Barclays, HSBC and Lloyds Banking Group, BlackRock has taken early steps to file a Bitcoin Premium Income ETF, seen as a “sequel” to its popular spot Bitcoin ETF, and Hashdex added XRP, Solana and Stellar to its US crypto index ETF under the new listing standards.
UK Finance, a trade association representing over 300 financial services firms in the United Kingdom, has launched a joint pilot project for tokenized sterling deposits (GBTD).
The trade group began the pilot phase for the tokenized deposits project, which aims to provide a digital representation of traditional British pound commercial bank money, it announced on Friday.
