POPA ReconJPMorgan & Citi-Backed Banks Plan Tokenized Deposit Network by 2027
JPMorgan & Citi-Backed Banks Plan Tokenized Deposit Network by 2027 JPMorgan, Citi, Bank of America, Wells Fargo, and other major U.S. banks are reportedly planning to launch a tokenized deposit network as early as H1 2027, according to the Wall Street Journal. The network is expected to be operated by The Clearing House, a private payments consortium owned by leading U.S. banks. It aims to enable instant movement of tokenized deposits and support 24/7 settlement for institutional payments and treasury operations. The platform, referred to internally as “the bridge” or “the chain,” is desi…
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