# Lloyds, Aberdeen Complete U.K.'s First FX Trades Using Tokenized Collateral

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/46799
Published: 2026-11-02T19:11:22.000Z
Updated: 2026-11-02T19:11:22.000Z
Section: Business

> The trades used tokens tied to a money-market fund and U.K. government bonds. Archax facilitated their issuance and management.

Lloyds Bank and Aberdeen completed the U.K.'s first foreign-exchange trades backed by tokenized assets.

The collateral included a tokenized money-market fund and tokenized U.K. government bonds. Archax facilitated issuance and management of the tokens. The Hedera network powered the transactions.

The trades used tokenized assets as FX collateral. That differed from a separate [Lloyds Banking Group transaction pairing a tokenized deposit with a tokenized U.K. government bond purchase](<https://www.tokenpost.com/news/business/26445>), in which the deposit funded the purchase on a public blockchain.



## Links in this article

- [Lloyds Banking Group transaction pairing a tokenized deposit with a tokenized U.K. government bond purchase](https://www.tokenpost.com/news/business/26445)