Why is Lloyds Bank betting on blockchain instead of cryptocurrency speculation?

Lloyds Banking Group (NYSE:LYG) is accelerating the adoption of blockchain technology. CEO Charlie Nunn announced plans to fully launch tokenized deposits in the UK by 2027, aiming to reduce mortgage processing times from weeks to days by combining blockchain with artificial intelligence. Unlike DeFi platforms like Aave (which manage $25.4 billion in TVL through permissionless algorithmic lending), Lloyds focuses on regulated, insured, and recoverable digital assets. The bank has completed transactions using tokenized money market funds and UK government bonds on the Hedera Hashgraph platform. As the tokenized real-world asset market grows from $4 billion in 2025 to $8.6 billion, and with companies like JPMorgan and BlackRock launching blockchain-based funds, traditional finance is leveraging Web3 technology to improve efficiency while maintaining compliance, bridging the gap between traditional finance (TradFi) and DeFi in an evolving financial landscape.

AAVE3,49%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)