The banks that lose will treat tokenisation as an external fashion and wait. The banks that win will notice that the moat is no longer only the ownership of the customer account. It is the operation of trust: the deposit, the control, the recovery, the rule that software can enforce and a supervisor can read.
Nobody needs to protect a bank from a database. A bank needs to decide whether it will run the database or sit behind the firm that does.
Illustrative commercial design only. This is not legal, tax, investment, employment or securities advice, and it is not an offer to the public, a solicitation to invest, or a promise of funding, equity or returns. Structures vary by venture and must be drafted for the incorporation jurisdiction by qualified startup, tax and securities counsel. Blockchain Lab does not claim to be a licensed investment manager, broker or bank on the basis of this website.