Wire · regulatory
Canada Gives Tokenized Deposits Legal Status Same As Bank Deposits
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Fusion42 · 12 September 2026 · Fusion42 review
Canada's Office of the Superintendent of Financial Institutions (OSFI) confirmed that tokenized deposits have the same legal status as traditional bank deposits, allowing banks to offer blockchain-based deposit products under existing regulatory frameworks.
This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it between 11 Sep 2026 and 12 Sep 2026.
◆ ◆ The Wire takeaway
You can now pitch tokenized deposit products as legally equivalent to traditional bank deposits in Canada without needing new legal classifications. This clears the way to innovate within current banking rules and engage regulators early on to accelerate product launches.
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3 sources · first reported 11 Sep 2026 · latest 12 Sep 2026
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