Canada’s OSFI Says Tokenized Deposits Are Legally the Same as Bank Deposits

Canada’s OSFI says tokenized deposits are legally the same as bank deposits

Canada’s banking regulator has clarified that tokenized deposits are not legally different from traditional deposits, giving federally regulated financial institutions a clearer path to develop deposit products using blockchain and other digital technology. The Office of the Superintendent of Financial…

Canadian Regulator Considers Tokenized Deposit Legal Status

The Office of the Superintendent of Financial Institutions (OSFI) published its Statement on Tokenized and Other Digitally Represented Deposits on September 10, 2026, stating that the underlying technology of a financial product does not determine its legal nature, according to the official statement .Read more...

Canada Regulator Clears Tokenized Deposits for Banking System

The Office of the Superintendent of Financial Institutions adopted an innovation-friendly approach to tokenized deposits, stressing that they are “not legally distinct” from traditional deposits, paving the way for banks and other financial institutions to build onchain rails for their operations. Canadian Banking Regulator Takes A Stance Regarding Tokenized Deposits The Canadian financial system has […]

Canada Gives Tokenized Deposits Legal Status Same As Bank - Invest In Crypto News

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Canada Says Tokenized Deposits Are Legally the Same as Traditional Bank Deposits

TL;DR: Canada’s OSFI says tokenized deposits are legally the same as traditional bank deposits, regardless of whether blockchain or another digital system represents them. Federally regulated banks must still meet existing legal, cybersecurity, technology and third-party risk requirements, and should consult OSFI supervisors before launching novel products. Tokenized deposits remain bank liabilities, while stablecoins are ...

Canada Gives Tokenized Deposits Legal Status Same As Bank

The post Canada Gives Tokenized Deposits Legal Status Same As Bank Deposits appeared first on Coinpedia Fintech News Canada has just cleared a major hurdle for blockchain-based banking. The country now says tokenized deposits have the same legal status as traditional bank deposits, opening the door for banks to offer more digital deposit products. The move also gives federally regulated institutions clearer rules while keeping existing banking a…