Major U.S. Banks, Including JPMorgan and Citi, Plan Shared Tokenized Deposit Network to Compete With Crypto
Major U.S. banks plan a tokenized deposit network operated by The Clearing House, targeting launch in first half of 2027.
The initiative connects traditional payment rails with blockchain infrastructure for instant, programmable settlements.
Tokenized deposits are positioned as a regulated alternative to stablecoins, retaining bank deposit characteristics including credit risk and regulatory treatment.
JPMorgan has already...
