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The initiative lets banks settle payments with tokenised deposits and stablecoins
Expected to deliver RoTE (Return on Tangible Equity) of greater than 11%
Bank of America is expected to join JPMorgan Chase and Wells Fargo in reporting impressive earnings
The tool is designed to help the Global Payments Solution team cut down on manual work
Ten banks have collaborated to create a "stablecoin-like" asset tied to G7 currencies
Also mentioned concerns over geopolitical tensions as a global risk
The initiative would enable clients to make blockchain payments with digital funds
Barclays, HSBC, Lloyds, and Santander are among the banks in the pilot
The bank seeks to add standards and liquidity to tokenized real estate
A joint trial shows blockchain-based payments can work across banks and within Swiss law
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