The initiative lets banks settle payments with tokenised deposits and stablecoins

Expected to deliver RoTE (Return on Tangible Equity) of greater than 11%

Bank of America is expected to join JPMorgan Chase and Wells Fargo in reporting impressive earnings

The tool is designed to help the Global Payments Solution team cut down on manual work

Ten banks have collaborated to create a "stablecoin-like" asset tied to G7 currencies

Also mentioned concerns over geopolitical tensions as a global risk

The initiative would enable clients to make blockchain payments with digital funds

Barclays, HSBC, Lloyds, and Santander are among the banks in the pilot

The bank seeks to add standards and liquidity to tokenized real estate

A joint trial shows blockchain-based payments can work across banks and within Swiss law