Canada’s Office of the Superintendent of Financial Institutions (OSFI) clarified on September 10, 2026, that tokenized deposits are not legally distinct from traditional deposits. The technology-neutral position applies existing legal and compliance requirements to digital representations of deposit claims rather than creating a separate category. It does not, however, guarantee deposit-insurance coverage or identical prudential treatment for every product. Institutions remain responsible for applicable laws, including third-party activities, and should consult their OSFI lead supervisors and obtain legal advice before launching novel services. A separate OSFI capital and liquidity guideline, taking effect on November 1, 2026, or January 1, 2027, depending on fiscal year-end, sets additional conditions and funding treatment for tokenized assets.