[UDPN launches tokenized deposit and asset tokenization system] Golden Finance reported that UDPN officially launched its first production system, including stablecoin and asset tokenization solutions. These systems were developed by Hongri Technology in Hong Kong in cooperation with German consulting firm GFT to support multi-bank interoperability. UDPN is able to connect tokenized deposits, central bank digital currencies and stablecoins of multiple banks, and use a Swift-like messaging mechanism to ensure seamless system connection. Previously, UDPN conducted proof of concept for several high-profile institutions, including Standard Chartered Bank, Deutsche Bank, KPMG and CBDC developer Giesecke+Devrient. These systems are integrated with traditional back-end systems through APIs, and banks can set up business nodes on UDPN to provide tokenized deposit services to corporate customers to bypass the limitations of traditional banking systems. UDPN plans to advance the construction of institutional governance structures in the future to further decentralize the operation of its network.