6 major banks bet on crypto with programmable deposits to finally shrink fraud

UK banks moved one step closer to making tokenised sterling deposits part of day-to-day payments, as industry body UK Finance began a live pilot running to mid-2026. The selected group, London-based Quant, will deliver the programmable money infrastructure. Participating lenders include HSBC, Lloyds, NatWest, Barclays, Nationwide, and Santander. The pilot will test tokenised deposits in three flows: The post 6 major banks bet on crypto with programmable deposits to finally shrink fraud appeared first on CryptoSlate.