#Canada

5 articles tagged #Canada — curated RWA tokenization coverage.

#TokenizedDeposits#Coinbase#OSFI#RWA#TokenizedStocks#Banking#BankingRegulation#BaselCommittee#BIS#DigitalAssets
Tokenized Deposits in Canada: How Banks Can Build Now
Infrastructure

Tokenized Deposits in Canada: How Banks Can Build Now

Canadian financial institutions are rapidly advancing the development of tokenized money rails to modernize treasury and payment systems. On September 22, Canada's six largest banks—BMO, CIBC, National Bank, RBC, Scotiabank, and TD—announced a joint initiative to explore Canadian dollar tokenized deposits. This effort follows a September 10 ruling by the Office of the Superintendent of Financial Institutions (OSFI) clarifying that tokenized deposits maintain the same legal status as traditional deposits. Major banks are also participating in international projects like the BIS's Project Agorá and are collaborating on a USD stablecoin issuer targeted for 2027. Domestically, the Bank of Canada is supporting these efforts, building on the success of Project Samara, which saw the country's first tokenized bond settlement. These developments aim to provide 24/7 programmable money, reducing settlement times and intraday credit exposure. By focusing on a unified digital asset infrastructure, Canadian banks intend to maintain control over keys, policy, and data while ensuring interoperability across various blockchain networks.

#TokenizedDeposits#Fireblocks#BIS
fireblocks.comAdded: Oct 13, 20268.0
Canada’s big six banks plan tokenized deposits
Infrastructure

Canada’s big six banks plan tokenized deposits

Canada’s six largest banks, including BMO, CIBC, NBC, RBC, Scotiabank, and TD Bank Group, have launched a collaborative initiative to develop tokenized deposits for the Canadian dollar. This move follows recent guidance from the Office of the Superintendent of Financial Institutions (OSFI), which clarified that tokenized deposits maintain the same legal status as conventional bank deposits. By focusing on programmability, the banks aim to facilitate seamless transfers of tokenized assets across different financial institutions. While previous industry efforts, such as those by JPMorgan and Citi, have largely focused on single-bank solutions, this Canadian project prioritizes interbank interoperability. The initiative intends to eventually integrate with third-party digital asset ecosystems to expand the utility of tokenized money. The banks are currently exploring settlement mechanisms, potentially utilizing wholesale CBDCs or tokenized reserves to bridge the gap between token movement and interbank settlement. This development marks a significant shift toward a unified digital infrastructure for the Canadian banking sector, moving beyond isolated pilot programs.

#TokenizedDeposits#Interoperability#Banking
ledgerinsights.comAdded: Sep 22, 20268.0
Canada’s OSFI Gives Tokenized Deposits Bank
Infrastructure

Canada’s OSFI Gives Tokenized Deposits Bank

Canada’s Office of the Superintendent of Financial Institutions (OSFI) has finalized its 2027 crypto-asset capital and liquidity guidelines, establishing that tokenized deposits are legally equivalent to traditional bank deposits. By adopting a technology-neutral approach, the regulator allows Canadian banks to issue tokenized deposit claims on distributed ledgers without triggering separate, more restrictive prudential categories. To qualify for this Group 1a classification, tokens must preserve the same legal rights, redemption terms, and insolvency protections as conventional deposits. This framework aligns with Basel Committee standards, distinguishing bank-issued tokens from stablecoins that rely on separate reserve assets. While this provides a clear path for banks to modernize settlement infrastructure, OSFI maintains strict requirements regarding legal enforceability and fiat redemption at par. The policy ensures that technology-related risks are captured within existing prudential frameworks rather than ignored. This regulatory clarity is a significant step for the Canadian RWA market, as it provides the legal certainty required for banks to integrate blockchain technology into their core balance sheet operations.

#TokenizedDeposits#BaselCommittee#BankingRegulation
BlockonomiAdded: Sep 11, 20268.5
Coinbase plans Everything Exchange launch in Canada with tokenized stocks
Stocks

Coinbase plans Everything Exchange launch in Canada with tokenized stocks

Coinbase is expanding its "Everything Exchange" strategy into Canada, aiming to integrate traditional financial products with blockchain-based services within a single application. A core component of this initiative is the introduction of tokenized stocks, which Coinbase intends to offer to customers outside the United States starting later this month. Unlike synthetic derivatives, these tokenized equities are designed to be backed one-for-one by underlying shares, granting investors standard shareholder rights such as dividends and voting capabilities. Eric Richmond, CEO of Coinbase Canada, emphasized that this transition moves the platform beyond simple crypto trading toward a frictionless, 24/7 financial ecosystem. The company is actively coordinating with Canadian regulators to ensure compliance while exploring the potential for regulated Canadian dollar-pegged stablecoins. This development represents a significant push by a major exchange to bridge the gap between legacy financial infrastructure and decentralized ledger technology. By enabling broader access to equities and improving collateral management, Coinbase seeks to challenge the limitations of traditional banking hours and settlement times.

#RWA#TokenizedStocks#Coinbase
crypto.newsAdded: Jul 22, 20268.0
Coinbase (COIN.US) Expansion in Canada: Tokenized Stocks and Prediction Markets as Dual Growth Drivers
Stocks

Coinbase (COIN.US) Expansion in Canada: Tokenized Stocks and Prediction Markets as Dual Growth Drivers

Coinbase is aggressively expanding its Canadian operations by leveraging tokenized stocks and prediction markets as primary growth drivers to capture local market share. The exchange aims to integrate these innovative financial products into its platform to provide Canadian users with broader access to global asset classes. By utilizing blockchain technology to represent traditional equities, Coinbase seeks to streamline trading processes and enhance liquidity for retail investors. This strategic move aligns with the company's broader international expansion efforts, focusing on jurisdictions with clear regulatory frameworks. The introduction of tokenized assets represents a significant shift in how retail platforms bridge the gap between traditional finance and decentralized infrastructure. As Coinbase navigates the Canadian regulatory landscape, its success could serve as a blueprint for other exchanges looking to deploy RWA-based products in North America. This development underscores the growing institutional and retail appetite for tokenized versions of traditional financial instruments.

#RWA#TokenizedStocks#DigitalAssets
moomoo.comAdded: Jul 22, 20266.5

Insights directly to your inbox

Get our daily curated analysis on real world asset tokenization.

No spam, unsubscribe anytime.