TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Why Lloyds Is Betting On Blockchain, Not Crypto Speculation

Benzinga Logo Benzinga By Hillary Remy
Why Lloyds Is Betting On Blockchain, Not Crypto Speculation

Lloyds Banking Group is aggressively adopting blockchain technology for operational efficiency rather than crypto speculation. The bank plans to roll out tokenized deposits by mid-2027, which could revolutionize mortgage processing and settlement times. This institutional approach to blockchain contrasts with decentralized finance platforms, as traditional banks leverage blockchain while maintaining regulatory oversight and consumer protections.

Insights
LYG   positive

Lloyds is positioned as a leader in institutional blockchain adoption with concrete plans for tokenized deposit rollout by 2027, successful pilot programs, and landmark transactions demonstrating practical blockchain applications.