Crypto Pills

VersaBank tests tokenized deposits on Algorand, Ethereum and Stellar in a U.S. pilot that explores representing bank deposits as blockchain-based tokens across three ledgers. The pilot evaluates technical interoperability, custody and operational workflows for tokenized fiat deposits, aiming to assess settlement speed, programmability and potential efficiency gains. By trialing multiple networks, the initiative seeks comparative insights on network performance and integration challenges for banks, payments processors and regulated financial actors considering tokenized deposit solutions.