43 banks just joined Japan's tokenized deposit settlement pilot. Real test drops August 20th.

This isn't vaporware anymore. Major institutions are actually moving on-chain infrastructure for bank-to-bank settlements.

When TradFi stops talking and starts building, that's when you know the rails are being laid for the next cycle's liquidity flows.

Watch this space. Tokenized deposits = bridge between fiat rails and DeFi primitives. The infrastructure play everyone's sleeping on.