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Canada clears the way for banks' tokenized deposits as OSFI affirms they're equivalent to traditional deposits

AI Market Summary
Canada's OSFI confirming tokenized deposits as legally equivalent to traditional bank deposits reduces legal uncertainty around bank-issued on-chain liabilities. This enables federally regulated banks to issue and manage tokenized deposit products without a new regulatory category, potentially accelerating blockchain-based payments, clearing, and settlement adoption. The news is supportive for broader crypto-market legitimacy and institutional participation, with spillover benefits to infrastructure and on-chain liquidity.
Impact level
● Medium
Affected assets
BTC/USDT+1.01%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Canada's banking regulator has opened the door for tokenized deposits. The Office of the Superintendent of Financial Institutions (OSFI) has confirmed that tokenized deposits carry the same legal standing as conventional bank deposits. Under the directive, federally regulated Canadian banks can issue and administer tokenized liabilities on blockchain networks without creating a new regulatory category or relying on a bespoke legal framework. The move positions major Canadian lenders to upgrade clearing and settlement processes using blockchain-based infrastructure.
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