lloyds

According to The Defiant, the British banking group Lloyds and payment giant Visa completed a $750,000 USDC transfer in a cross-border settlement pilot. The test lasted seven days, with funds transferred from Jersey to the United States, taking less than an hour in total, and could also be completed over the weekend.During the settlement process, Lloyds used the Canton network, while Visa utilized another independent blockchain. The pilot completed cross-border fund transfers using the stablecoin USDC.

According to CoinDesk, the UK lending institution Lloyds Banking Group has claimed that it has completed the UK's first transaction using tokenized deposits to purchase UK government bonds.Lloyds Bank is the third largest bank in the UK by market capitalization. The bank stated that it completed the purchase of UK government bonds using the crypto trading platform Archax and the privacy-focused Canton network. This purchase demonstrates that tokenization technology can transform traditional banking by converting real-world assets into digital form, enabling instant buying, selling, or transferring.In this transaction, Lloyds Bank plc, a subsidiary of Lloyds Bank, issued tokenized deposits on the Canton network. Subsequently, Lloyds Bank Corporate Markets used these deposits to pay for the purchase of tokenized government bonds from Archax. Finally, Archax returned the underlying funds to its Lloyds Bank conventional account.

According to Sky News, Lloyds Bank has acquired the digital wallet provider Curve for £120 million.Curve is a fintech company based in London, UK, founded in 2015 (Curve Card Ltd.), focusing on digital wallets and payment solutions, and is not to be confused with Curve Finance on the Ethereum blockchain.

ChainCatcher news, according to crypto.news, Lloyds Banking Group and Aberdeen Asset Management have recently completed the UK's first foreign exchange transaction using tokenized real-world assets (RWA) as collateral.The pilot transaction was supported by the UK-regulated crypto exchange Archax, utilizing the Hedera blockchain to issue and manage digital tokens representing Aberdeen's money market fund and UK gilt bonds.Lloyds Bank stated that the transaction demonstrated the feasibility of using tokenized assets as collateral in regulated financial markets without the need for new legislation, aiming to enhance collateral efficiency and reduce operational friction. This move is seen as a key step towards modernizing the collateral system.

ChainCatcher news, according to Jinshi Data, Lloyds Bank of the UK believes that the Federal Reserve's June meeting minutes, to be released next Wednesday, are not expected to change the market's expectation of keeping interest rates unchanged at the July meeting, with rate adjustments more likely to occur in September.The Fed's dot plot still anticipates two rate cuts this year, but there are significant differences among policymakers, ranging from three rate cuts to keeping rates unchanged.

ChainCatcher news, according to UKTN, London-based blockchain property transaction tracking platform Coadjute has announced the completion of £10 million in financing, led by Lloyds Bank, with participation from Nationwide, NatWest, and real estate tech platform Rightmove.According to crypto data platform RootData, Coadjute was founded in 2018, and its blockchain platform allows real estate agents to track transactions. The company previously completed £4 million in financing in March 2023, led by Praetura Ventures.