Scotiabank, five Canadian peers explore tokenized Canadian-dollar deposit solution

• Scotiabank joined five Canadian peers to explore a secure Canadian-dollar tokenized deposit solution.
• The group aims to develop faster, more efficient, programmable payments while maintaining security, stability, regulatory oversight.
• Initial phase targets efficient transfers of tokenized deposits between Canadian financial institutions.
• Longer-term plan seeks links with other emerging digital-asset initiatives.
• Participants include RBC, TD, BMO, CIBC, National Bank of Canada.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Bank of Nova Scotia published the original content used to generate this news brief via CNW (Ref. ID: 202609220830CANADANWCANADAPF_C9698) on September 22, 2026, and is solely responsible for the information contained therein.