FinanceMagnates
Lloyds
Banking Group and Aberdeen Investments completed what they’re calling the first
use of tokenized real-world assets (RWAs) as collateral for foreign exchange
(FX) trades in the UK, working with digital asset exchange Archax to handle the
transactions.Lloyds, Aberdeen Test
Digital Assets as FX CollateralThe pilot
program used digital tokens backed by UK government bonds and units from
Aberdeen’s money market fund as collateral for currency trades between the two
firms…
Read More
Institutional FX Trading Gets Blockchain Boost in UK
Damian Chmiel
10:23
Lloyds Banking Group and Aberdeen Investments completed what they’re calling the first use of tokenized real-world assets (RWAs) as collateral for foreign exchange (FX) trades in the UK, working with digital asset exchange Archax to handle the transactions.Lloyds, Aberdeen Test Digital Assets as FX CollateralThe pilot program used digital tokens backed by UK government bonds
