Algorand Featured in VersaBank Tokenized Deposit RWA Pilot

An Algorand-focused analyst highlighted a notable regulatory filing this week: Canadian digital bank VersaBank has told the U.S. SEC it successfully completed a pilot for tokenized bank deposits on Algorand, Ethereum and Stellar. For a public, regulated bank to name Algorand alongside Ethereum in an SEC document is a concrete signal that the chain is being tested inside traditional banking infrastructure, not just in experimental DeFi. VersaBank’s “Alternative To Stablecoins” Runs on Algorand Rails According to the filing, VersaBank says it is the first bank to complete such a pilot, with its “RBDTs” representing tokenized, federally regulated bank deposits

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