{"id":99694,"date":"2026-08-08T09:52:06","date_gmt":"2026-08-08T09:52:06","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/99694\/"},"modified":"2026-08-08T09:52:06","modified_gmt":"2026-08-08T09:52:06","slug":"lloyds-bank-confirms-important-step-and-issues-transcations-announcement","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/99694\/","title":{"rendered":"Lloyds Bank confirms ‘important step’ and issues transcations announcement"},"content":{"rendered":"

Lloyds Banking Group has completed three live tokenised deposit transactions, it has confirmed<\/a>, in a seismic moment. The procedures – through Project Agor\u00e1 – have been hailed by the bank.<\/p>\n

The transactions covered GBP, Swiss franc, euro and cross-currency payment scenarios. The cross-currency transaction demonstrated how FX conversion, payment and settlement can be linked together as part of a single transaction flow.<\/p>\n

The transactions tested how tokenised commercial bank deposits can be used in practical payment and settlement scenarios across Swiss francs, euros and sterling, demonstrating how tokenisation can improve transparency and reduce friction in cross-border payment flows.<\/a><\/p>\n

READ MORE New bank account rule for under-65s coming under Andy Burnham and John Healey<\/a><\/p>\n

In the cross-currency transaction, the Group’s Corporate Markets business converted Swiss francs into sterling, with Lloyds Bank providing the sterling settlement. The FX conversion, payment and settlement were linked together, so the transaction occurred simultaneously, instead of in separate steps.<\/p>\n

This is significant because cross-border payments today are typically processed across multiple systems and institutions, with payment, currency conversion and settlement often handled separately.<\/p>\n

This transaction demonstrated that by linking the currency conversion, payment and settlement stages together, tokenisation can support more seamless and efficient cross-border payments.<\/p>\n

Lloyds also participated as a customer bank in separate Swiss franc and euro transactions using tokenised deposits.<\/p>\n

Together, the three transactions tested how tokenised commercial bank money could support payment flows across different currencies within the regulated banking system.<\/p>\n

“Moving from prototypes to live transactions is an important step in understanding how tokenised deposits could work in real payment scenarios. This testing has allowed us to bring together our payments, settlement and foreign exchange capabilities in a cross-currency transaction. It gives us valuable practical insight into how tokenisation could help reduce friction and settlement risk in wholesale payments, while operating within the regulated banking system,” said Peter Left, Head of Digital & Markets Innovation at Lloyds Banking Group.<\/p>\n","protected":false},"excerpt":{"rendered":"Lloyds Banking Group has completed three live tokenised deposit transactions, it has confirmed, in a seismic moment. The…\n","protected":false},"author":2,"featured_media":99695,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21256],"tags":[42068,42065,42069,20345,2861,42066,42067],"class_list":["post-99694","post","type-post","status-publish","format-standard","has-post-thumbnail","category-lloyds-banking-group","tag-cross-currency","tag-currency-conversion","tag-euro-transactions","tag-lloyds-bank","tag-lloyds-banking-group","tag-payment-flows","tag-swiss-franc"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117059278756055778","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/99694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=99694"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/99694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/99695"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=99694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=99694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=99694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}