Canada Opens Door for Banks to Issue Tokenized Deposits Onchain

Canada's move to enable banks to place deposits onchain is a constructive signal for regulated tokenization and blockchain-based settlement. By clarifying the framework for bank-issued onchain deposits, it may lower perceived regulatory friction and accelerate institutional experimentation with permissioned networks and interoperable rails. Near term, the development can support broader risk appetite across crypto, particularly for infrastructure and settlement narratives.