Korean Banks Pave the Path to Tokenization
Private banks in South Korea, Hana Bank and Woori Bank, have taken a keen interest in tokenized deposits, commonly known as Deposit Certificates or CDs. CDs offer an alternative rooted in blockchain technology, serving as an equivalent to private stablecoins and Central Bank Digital Currencies (CBDCs). Presently, it’s being viewed as a potential substitute for customary notes and deposits without disrupting the existing banking system.
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Private banks in South Korea, Hana Bank and Woori Bank, have taken a keen interest in tokenized deposits, commonly known as Deposit Certificates or CDs.
CDs offer an alternative rooted in blockchain technology, serving as an equivalent to private stablecoins and Central Bank Digital Currencies (CBDCs).
Presently, it's being viewed as a potential substitute for customary notes and deposits without disrupting the existing banking system.
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