Canada's Six Biggest Banks Team Up on a Shared Digital-Dollar Network

In brief

• RBC, TD, BMO, Scotiabank, CIBC, and National Bank announced Tuesday a joint plan for shared Canadian-dollar tokenized deposit infrastructure, starting with transfers between the banks themselves.
• The project is separate from the Bank of Canada's shelved digital-dollar consultation, where 85% of nearly 90,000 respondents said they would not use a hypothetical digital Canadian dollar.
• Scoti…