LSEG Introduces Tokenized Deposit-Based Digital Payment Service in UK
The London Stock Exchange Group has unveiled a digital payment system leveraging tokenized deposits, aiming to modernize transactions within the UK's financial sector.
Summary
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Terms & Concepts
Tokenized Deposits: Bank deposits represented as digital tokens on a blockchain, enabling secure and efficient transfers.
Digital Payment Service: An electronic system for transferring funds between parties without physical currency.
London Stock Exchange Group (LSEG): A major UK-based financial markets infrastructure provider.