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And he’s talking more than theory: Lloyds wants a token system up and running by 2027 as part of its core infrastructure.
The “smartphone moment” for finance
Nunn didn’t mince words on the scale of the shift he’s predicting.
He compares it to the smartphone revolution: just as phones rewired how we shop, socialise and work, the combination of AI and tokenised deposits could create a “wow moment” in financial services — one where customers suddenly find the system more personal, intuitive and far easier to navigate.
Pointing to the US Genius Act on stablecoins, Nunn said tokenisation is gaining momentum on a global scale.
Lloyds has already tested the technology across its entire network, and Nunn claims no other market — not Singapore, not China — comes close.
