Crypto readiness score
1/3 status dimensions verified · 1 initiative · last verified 2026-10-24
Only 1 of 3 status dimensions (commercial, regulatory, technical) are verified for this institution; at least 2 are required before a score is shown. We show this rather than guess.
Score breakdown
How the number above is built — every input is a verified tracker status with a dated source.
| Component | Weight | Points | Basis (verified input) |
|---|---|---|---|
| Commercial availability | 35 | 3.5 | Announced / exploring · initiative |
| Regulatory standing | 25 | — | No verified status — not scored |
| Technical delivery | 20 | — | No verified status — not scored |
| Product breadth | 15 | 5 | 1 product category with a verified status: Tokenized deposits |
| Recent verified activity | 5 | 5 | Last verified change 2026-09-22 |
Score = sum of points, rounded. Only verified tracker statuses count; “Unknown” earns nothing and is never estimated. Methodology
Initiatives (1)
Regulatory, technical and commercial status are kept separate: an authorisation is not a launch.
Tokenized deposits · Canada
Six-bank Canadian-dollar tokenized deposit initiative
- regulatory
- Unknown
- technical
- Unknown
- commercial
- Announced / exploring2026-09-22
BMO, CIBC, National Bank of Canada, RBC, Scotiabank and TD are jointly exploring Canadian-dollar digital money, starting with tokenized deposits moved across Canadian financial institutions, with other deposit-taking institutions expected to join later.
Scope: Exploratory joint project; first phase limited to interbank movement of tokenized deposits.
In tracker · last verified 2026-10-24
Licences & registrations
Regulator records (or MiCA Art. 60 notifications — a notification, not an authorisation).
No licence or registration record in our verified data. This means “not reviewed”, not “unlicensed”.
Partners & providers
From tracker records and verified item text only. “Co-named” means both appear in the same source — open it for context. Full map
- BMO · joint initiative (tracker)
- CIBC · joint initiative (tracker)
- National Bank of Canada · joint initiative (tracker)
- RBC · joint initiative (tracker)
- Scotiabank · joint initiative (tracker)
Regulator records & actions
Register entries and regulator publications that name this institution.
- 2026-09-10Primary record · Office of the Superintendent of Financial InstitutionsStatement on Tokenized and Other Digitally Represented Deposits (opens source in new tab)
- 2026-09-10Supervisory update · Office of the Superintendent of Financial Institutions (Canada)OSFI: tokenized deposits are not legally distinct from traditional deposits
Markets (from stated target markets): Canada
Timeline
Status changes (tracker history), verified items and regulatory dates, newest first.
2026-09-22 · Status
Joint release by the six banks announcing the exploration.
2026-09-22 · Item
Canada's six largest banks jointly explore a Canadian-dollar tokenized deposit solution
National Bank of Canada (joint release with BMO, CIBC, RBC, Scotiabank and TD)
2026-09-10 · Item
OSFI: tokenized deposits are not legally distinct from traditional deposits
Office of the Superintendent of Financial Institutions (Canada)
Data: /api/banks.json (CC BY 4.0) · Spot an error? Corrections
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