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Canada Regulator Recognizes Tokenized Deposits as Equivalent to Traditional ...
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Fusion42 · 12 September 2026 · Fusion42 review
Canada's OSFI has declared tokenized deposits legally equivalent to traditional deposits, ensuring they remain liabilities on bank balance sheets under existing federal financial legislation. This technology-neutral stance requires institutions to comply with current regulations and seek supervisory approval before launching new tokenized deposit products, providing regulatory clarity without creating new licenses.
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
Your fintech startup must treat tokenized deposits as standard bank liabilities under OSFI rules, so focus on integrating with existing banking frameworks rather than building new custody models. This clears a legal path but maintains regulatory gates, meaning supervisory approval remains essential before launching blockchain deposit products.
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3 sources · first reported 11 Sep 2026 · latest 12 Sep 2026
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