---
title: "Tokenized Deposits for Banks: A Primer"
description: "A practical primer on tokenized deposit models, accounting flows, and the options banks can use to settle with other institutions."
path: "/report/tokenized-deposits-primer/"
label: "Banking"
image: "/cards/report-tokenized-deposits-primer.webp"
---

## Inside the report

This primer examines two core decisions for banks developing tokenized deposits: which ledger serves as the source of truth for client balances, and how payments settle with other banks. It traces the accounting flows and compares the trade-offs across credit risk, liquidity, operational complexity, and network reach.

- Understand tokenized deposits, deposit tokens, and tokenized central bank reserves
- Follow payments through operating accounts, omnibus accounts, and on-chain deposit accounts
- Compare bilateral settlement, shared clearing infrastructure, and settlement in central bank money
- Assess the commercial, legal, liquidity, and reconciliation requirements for launch

[Download the full report (PDF)](/reports/tokenized-deposits-for-banks.pdf)