“Lloyds enlisted the help of Archax and Canton Network to carry out the transaction.”, — write: www.coindesk.com
Lloyds, the third-largest bank in the country by market capitalization, said it enlisted the help of crypto trading platform Archax and the privacy-focused Canton Network to buy the government debt. The bonds’ name refers to the old gold-edged certificates.
The purchase illustrates how tokenization can transform traditional banking, turning real-world assets into digital forms that can be purchased, sold or transferred instantly, Lloyds said in a press release.
The transaction involved the company’s Lloyds Bank plc unit issuing tokenized deposits on the Canton Network. Then Lloyds Bank Corporate Markets used the deposits to pay for a tokenized gilt from Archax. Finally, Archax moved the underlying funds back into its regular Lloyds account, the release said.
“This transaction offers a glimpse into the future of finance; faster, smarter, and more efficient,” Surath Sengupta, head of transaction banking products at Lloyds, said in a statement. “Tokenisation allows us to bring real-world assets onto blockchain infrastructure, creating opportunities for businesses to transact with greater speed, transparency, and flexibility.”
Sengupta pointed out that tokenized deposits can continue to earn interest and remain in the Financial Services Compensation Scheme deposit protection program, so these advantages — instant settlement, automated agreements, improved transparency and security — come without losing the benefits of traditional cash.
KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
- This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.
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Ubyx is building a framework to enable tokenized money to move between issuers and institutions, supporting the exchange and redemption of funds.
- Barclays has invested in Ubyx, a US startup developing clearing systems for tokenized money, such as tokenized bank deposits and regulated stablecoins.
- Ubyx is building a common settlement framework to enable tokenized money to move between issuers and institutions, supporting the exchange and redemption of tokenized funds at par value.
- The investment signals a growing push among traditional banks, including UBS, PostFinance, and Sygnum Bank, to lay the groundwork for blockchain-based payments that comply with existing financial regulations.
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