Wire · technology
Britain's largest banks make first interbank transactions using tokenised deposits
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Fusion42 · 24 September 2026 · Fusion42 review
Britain's largest banks including Lloyds, NatWest, and Barclays have conducted the first interbank transactions using tokenised deposits on blockchain, enabling instant settlement and conditional payments. The pilot project, backed by the Bank of England and involving multiple major UK banks, marks a significant step in interoperable blockchain payment systems and plans for digital bond issuance in early 2027.
This Wire brief sits within Fusion42's coverage of Fintech.
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You can now build on a new blockchain payment layer linking major UK banks, enabling instant and conditional money transfers between rivals. This opens a pathway to launching programmable digital financial products like bond trading using tokenised deposits within months.
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1 source · 24 Sep 2026
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