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ANZ will create a new form of deposit later this year to allow large companies to move funds across borders instantly, the latest step by an Australian lender towards adopting new forms of digital money emerging across the globe.
ANZ is the only Australian bank among 17 major international players ready to issue a new digital form of bank deposit, known as a “tokenised deposit”, on its network, according to Swift – a secure messaging service banks use to communicate about cross-border transactions.
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