🏦 Lloyd’s Bank uses Canton for FIRST ever Tokenized Deposits in UK 💰 Lloyds has completed the first transaction of digital assets using Tokenised Deposits, a landmark for digital finance. For the first time in the UK, Tokenised Deposits have been issued on a public blockchain. This is also a global debut for sterling deposits. Lloyds Banking Group, founded in 1765, is the largest UK retail and commercial financial services provider with around 30 million customers and 65,000 employees. The transaction involved Lloyds Bank PLC issuing Tokenised Deposits on the @CantonNetwork, a blockchain designed for regulated financial markets. Lloyds Bank Corporate Markets, part of Lloyds Banking Group, utilised these deposits to purchase a Tokenised Gilt from @ArchaxEx. Archax then moved the underlying funds back into its regular Lloyds account. Canton Network is continually showing how easily transactions can flow between blockchain and traditional banking systems. Can’t stop, won’t stop. Zth.