As reported by AiCoin, Bank of America is rebuilding its core financial infrastructure, focusing on tokenized deposits, custody, and settlement systems, while advancing these efforts under strict regulatory oversight.
Bank of America Rebuilding Core Financial Infrastructure for On-Chain Future
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Summary
Bank of America is preparing for the future of finance by overhauling its core systems to support tokenized deposits, custody, and settlement. The bank is working closely with regulators to ensure compliance as it builds the next phase of its infrastructure. What is clear is that traditional finance is moving toward on-chain operations.
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