Quant Executive Says Cross-Border Tokenized Deposits Need Shared Rules

At a UK Finance conference in London on Monday, Oct. 19, Quant Chief Product Officer for Financial Services Martin Hargreaves argued that cross-border links for tokenized bank deposits will need shared operating rules. The panel also discussed how banks could settle transactions with one another. Hargreaves argued that compatible standards, rulebooks and participation across multiple networks are needed to create commercial corridors. Those links would require institutions to connect across systems and a way to resolve payment obligations between banks. The British and Japanese projects discussed remain domestic in scope.

Source: TokenPost