Today, the Quant team attended UK Finance’s #DigitalInnovationSummit.

Our Founder and CEO, @gverdian, joined a session on #tokeniseddeposits that explored how to define them, how they can enable a fungible ecosystem and what’s required for successful implementation.

Some highlights from the session:

- Tokenised deposits present an opportunity to add #programmability and logic to money to improve manual, cumbersome back-office processes
- They can be used to outmatch #stablecoins with better regulatory and consumer protection embedded into deposits
- Tokenised deposits require singleness, elasticity and integrity
- They can enable a multi issuer ecosystem that combines public and private money
- We’re at an opportunistic stage where the industry can collectively co-create and define what an interbank network should look like
- This is a ‘ChatGPT moment’ of money, for the first time, we can make money work for us.