VersaBank, a federally chartered Canadian digital bank focused on institutional lending, is adding foreign exchange functionality to its tokenized deposit platform, allowing users to convert between US and Canadian dollars within a blockchain-based system.
Announced Tuesday, the upgrade enables real-time, 24/7 currency conversion using Real Bank Tokenized Deposits (RBTDs), that is, digital representations of fiat deposits issued and backed by the Ontario-based institution.
The feature is designed to improve cross-border transactions by reducing…

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