Make Property Payments with Tokenized Deposits
Use Cases
About
| Use Case Category | Use Case Scope |
|---|---|
wCBDC | This use case explores using tokenized bank deposits (settled over wCBDC) on blockchain for property purchase payments between customers of different banks. |
Description
Key Stakeholders:
Property buyer (bank customer)
Property seller (bank customer)
Buyer's bank
Seller's bank
Tokenization platform
Story:
Buyer agrees to purchase property from seller
Buyer makes payment with a tokenized deposit
Tokenized deposit burned from buyer's bank ledger
Equivalent tokenized deposit minted on seller's bank ledger
Buyer and seller can easily reconcile transfer
Preconditions:
Buyer and seller have accounts at different banks
Tokenized deposits infrastructure exists
Postconditions:
Payment for property purchase is made with tokenized deposit
Buyer and seller can easily reconcile payments
Key Benefits:
Easier reconciliation of high-value payments
Greater end-to-end integration
Enhanced experience for property purchase
Example Provider
Visa
Last updated
