From the way they describe things, I think the point of this kinda new database is to offload some cost to store data to other parties and allows banks to gain easier access to customer data. Well, at the very least they don't introduce new tokens just for that.
No, they don't have any plans to issue any type of token. Remember Crypto is not yet fully legal in our country so the question of issuing tokens and all this stuff is just a dream here.
Blockchain here is being treated as a separate technology and not thought of in terms of cryptocurrencies. Anyways the hope is still alive as one day the government will start thinking in terms of the adoption of bitcoin.
But then again, you should not even be storing KYC data forever. It should be deleted as soon as the user's account is closed.
I doubt the bank would ever want to delete the KYC data even after the account closure. I guess this data will remain with the bank so in the future if they need to audit trail any money transaction, they can use this data too.
