Credit Card Giant Mastercard is Piloting Tokenized Bank Deposits in New UK Testbed

“What powers the global economy today is regulated money in the banks,” Dhamodharan said in an interview with CoinDesk. “So we’re starting with making tokenized bank deposits, so the unit of money in a bank account is a digital asset on the blockchain, bringing the same level of programmability to those as you find with digital currency in the crypto ecosystem.”