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Tokenized Deposits for Banks: A Primer
A practical primer on tokenized deposit models, accounting flows, and the options banks can use to settle with other institutions.
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
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