Make Property Payments with Tokenized Deposits
Use Cases
About
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
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