And he’s talking more than just theory: Lloyds wants a token system to be operational by 2027 as part of its core infrastructure.
The “smartphone moment” for finance
Nunn didn’t mince his words about the magnitude of the change he predicts.
He likens this to the smartphone revolution: just as phones have reshaped the way we shop, socialize and work, the combination of AI and tokenized deposits could create a “wow moment” in financial services – one where customers suddenly find the system more personal, intuitive and much easier to navigate.
Referring to the US Genius Act on stablecoins, Nunn said tokenization is gaining momentum globally.
Lloyds has already tested the technology across its network, and Nunn says no other market – not Singapore, not China – comes close.
