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Episode Six Launches Verified Backing, Real-Time Confidence for Every Token a Bank Issues

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Episode Six Launches Verified Backing, Real-Time Confidence for Every Token a Bank Issues

Episode Six, a leading global technology provider of enterprise-grade card issuing and ledger infrastructure, announced Verified Backing from the E6 Token Control Ledger™. Verified Backing checks the backing and status of a bank’s own tokenized deposits and stablecoins issued through the E6 Token Control Ledger, in real time, when they’re created and again when they’re redeemed.

Read More on Fintech : Global Fintech Interview with Shai Gabay, CEO at Trustmi

For banks moving into tokenized deposits and stablecoins, trust is quickly becoming one of the biggest items on the risk register: how do you know the token redeemed today is genuine and fully backed, and not a counterfeit that found its way into circulation? Verified Backing from the E6 Token Control Ledger helps answer this question by checking tokens issued through the ledger against their recorded backing when they’re created, and again at the moment they’re redeemed, to help reduce the risk of loss. Traditional reconciliation looks backward, assessing a bank’s position after the fact. Verified Backing runs at issuance and redemption, at the two moments that matter most.

“For risk and compliance teams, the hardest question in tokenized money isn’t whether a token was genuine when it was created. It’s whether it’s still genuine by the time it’s redeemed,” said Daryn Griggs, Episode Six’s Managing Director of APAC.



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