TREE NEWS update: Vantage and Rio Bank executed a loan payment using tokenized deposits on Ethereum, with principal and interest reaching the receiving bank’s wallet in under three minutes. Loan balances and notices were updated alongside the payment. The transaction marks a live use of tokenized bank deposits for loan servicing rather than a pilot.
Vantage and Rio Bank settle loan payment with tokenized deposits on Ethereum
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The significance here is less the speed than the scope: principal, interest, loan balances and notices moved together, which is the mundane back-office work that keeps tokenized deposits from being a demo. That matters most to banks weighing deposit tokens against stablecoins for settlement, since loan servicing touches credit operations, not just treasury. Whether other institutions follow with live servicing rather than pilots is the open question, and whether the operational and regulatory treatment of tokenized deposits holds up as volume grows.
Generated by AI for reference only.
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