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:

1. Buyer agrees to purchase property from seller

2. Buyer makes payment with a tokenized deposit

3. Tokenized deposit burned from buyer's bank ledger

4. Equivalent tokenized deposit minted on seller's bank ledger

5. 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