PaymentsJournalBMO / CIBC / National Bank of Canada / RBC / Scotiabank / TDHigh impactIndependent reportPaymentsJournal reports that Canada's six largest banks—BMO, CIBC, National Bank of Canada, RBC, Scotiabank and TD—are exploring a shared Canadian-dollar tokenized-deposit system for fast, secure and automatable transfers. The first phase is described as transfers between participating banks. The article places the work alongside U.S. bank plans and BIS Project Agorá, but does not say the Canadian system is live or that it currently supports cross-border payments.