Quant: GBTD platform handles first live tokenised sterling deposit transactions by UK banks - 24 Sep 2026

UK banks have completed the first live customer transactions using tokenised sterling deposits on the GBTD platform built by Quant. Funds lock and release automatically at agreed conditions, covering two remortgage completions and a marketplace purchase.The transactions show how tokenised deposits can settle conditional payments without manual reconciliation. Sterling held as tokens is locked at transaction start and released only when agreed conditions are met, which the remortgage completions exercised end to end. For Quant, this is the first production use of GBTD by major UK banks rather than a test environment, giving the platform an operational record in regulated money flows. Reported plans point to further pilots, including digital asset settlement, so the current scope remains limited to these initial use cases while the infrastructure is proven at larger scale.UK banks have completed the first live customer transactions using tokenised sterling deposits, and they ran on the platform built by Quant.Delivered through the Great British Tokenised Deposit initiative, convened by with , , ,…