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UK banks complete interbank transactions using tokenised deposits

First reported September 23, 2026 by Global Banking & Finance Review · covered by 4 sources

In short

Barclays, Lloyds and NatWest have completed interbank transactions using tokenised deposits. The transactions tested blockchain-based commercial bank money for mortgage and person-to-person payments. UK Finance described them as the world’s first such interbank transactions.

Written by our news service from the 4 sources below, updated September 24, 2026.

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UK banks make interbank deals with tokenised deposits

UK banks make interbank deals with tokenised deposits

Britain's biggest banks have completed the world's first transactions using tokenised deposits to move money between themselves, a boost for a blockchain-based version of commercial bank money that proponents say offers a safer alternative to stablecoins.

Sep 24, 2026 · byBusiness