Lloyds Bank CEO: "Deposit tokenization" could completely change how customers use their accounts.

According to ME News, on January 7th (UTC+8), 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 fundamentally change how customers use their accounts. Taking mortgages as an example: the entire process of property transfer, document sharing, value exchange, and payment can be built into smart contracts, and the entire process can be guided with or without a broker, with the agent providing advice to the client. (Source: ME)