Canada’s OSFI Gives Tokenized Deposits Bank-Like Treatment Under 2027 Rules
Fintech
Regulation
Bank Deposits
Banking Regulation
Basel Committee
blockchain
Canada
crypto regulation
Digital Assets
OSFI
Project Agorá
tokenization
Tokenized Deposits
TLDR: OSFI’s 2027 rules let qualifying tokenized deposits keep bank-like treatment when legal rights stay intact. Qualifying deposit tokens fall into Group 1a and generally receive the same credit-risk treatment as deposits. Banks must keep tokenized deposits redeemable at par, legally binding, and tied to issuer creditworthiness. OSFI can impose stricter liquidity treatment when wallets, [...]
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Source: Source: Blockonomi