Survey: 71% of executives from large UK financial institutions expect tokenization to reshape the financial services industry

ChainCatcher news, according to The Block, Lloyds Bank’s 10th annual Financial Institution Sentiment Survey shows that 71% of senior managers at large UK financial institutions expect tokenization to reshape the financial services industry.

The survey showed that faster payments and settlements were the most frequently cited benefits of tokenization by respondents, followed by collateral and liquidity management.