Evidence record
Canada's six largest banks jointly explore a Canadian-dollar tokenized deposit solution
Read the item · published 2026-09-22
Evidence
- Confidence
- Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
- Quote verified
- 2026-10-24 19:42 UTC
- Archived snapshot
- Not archived yet
- Source type
- Official institutional National Bank of Canada (joint release with BMO, CIBC, RBC, Scotiabank and TD) ↗
Change log (1)
- 2026-10-24 Canada jurisdiction (16th page): 4 verified items — Finance Canada proposed Stablecoin Regulations (Canada Gazette I, 24 Oct 2026; in force targeted fall 2027, (20cf204)
Verified quotes
“The first phase of the project aims to move tokenized deposits efficiently across Canadian financial institutions with a longer term goal to connect with other emerging digital assets initiatives.”
“The participants are Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), National Bank of Canada (NBC), Royal Bank of Canada (RBC), The Bank of Nova Scotia (Scotiabank), and TD Bank Group (TD).”
“The participants anticipate the inclusion of other deposit-taking institutions at the appropriate time.”
String-matched against https://www.nbc.ca/about-us/news-media/press-release/2026/20260922-banks-secure-tokenized-deposit-solution.html by scripts/verify.mjs before every deploy.
Additional evidence
- Primary Statement on Tokenized and Other Digitally Represented Deposits ↗ · Office of the Superintendent of Financial Institutions
AI-drafted from the primary source (joint bank release); quote string-matched by scripts/verify.mjs · AI-assisted