According to Foresight News , citing the Financial Times, Lloyds Bank in the UK completed its first publicly disclosed blockchain transaction last December, involving the purchase of UK government bonds using tokenized deposits. Charlie Nunn, CEO of Lloyds Banking Group, stated at the FT Summit that "deposit tokenization" could revolutionize how customers use their accounts. Taking mortgages as an example: the entire process of property transfer, document sharing, value exchange, and payment can be structured as a smart contract, guided with or without a broker, allowing agents to advise clients.
Lloyds Bank CEO: "Deposit tokenization" could completely change how customers use their accounts.
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