The main banks of the United Kingdom are taking a decisive step towards the future of digital payments by launching a pilot project for the introduction of tokenized deposits. This initiative, involving giants like HSBC, NatWest, and Lloyds, represents a concrete response to the call from the Governor of the Bank of England, Andrew Bailey, who has urged the sector to focus on this technology rather than the more debated stablecoins. Tokenization involves creating digital representations of traditional assets, such as deposits, stocks, and bonds, which are recorded on a blockchain . Proponents of this innovation argue that it can make transactions faster, cheaper, and more secure, paving the way for a new era for the financial system.