# VersaBank Pilots Tokenized Deposits on Algorand Before Potential Commercial Launch By John Kim Canonical URL: https://www.tokenpost.com/news/business/40090 Published: 2026-10-24T15:24:18.000Z Updated: 2026-10-24T15:24:18.000Z Section: Business > The pilot centers on Real Bank Tokenized Deposits (RBTDs), with a commercial launch anticipated after a successful trial. Canadian bank VersaBank is piloting tokenized deposits on Algorand, bringing a Canadian project into a field where U.S. efforts also explore blockchain-based commercial bank money. The pilot centers on VersaBank’s Real Bank Tokenized Deposits (RBTDs). A commercial launch is anticipated after the pilot succeeds. Tokenized deposits have also been explored in [a U.S. effort to support programmable movement of commercial bank money across blockchain systems](). ## Links in this article - [a U.S. effort to support programmable movement of commercial bank money across blockchain systems](https://www.tokenpost.com/news/technology/24297)