Odaily Planet Daily reports that U.S. major banks JPMorgan, Citibank, and Bank of America plan to establish a shared tokenized deposit network by mid-2027, operated by The Clearing House. The participating banks intend to convert traditional bank deposits into blockchain-based tokens, enabling funds to be transferred and settled rapidly around the clock while remaining within the regulated banking system. The initiative aims to represent bank customers' funds as digital tokens on the blockchain to facilitate fast transfers and settlements. (CoinDesk)
Top Three U.S. Banks Plan to Launch Shared Tokenized Deposit Network by 2027
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Summary
Top altcoin news: JPMorgan, Citi, and Bank of America plan to launch a shared tokenized deposit network by mid-2027, managed by The Clearing House. The network will tokenize traditional deposits to enable fast, 24/7 fund transfers within the regulated banking system. The project represents a major upgrade to how banks handle digital asset infrastructure.
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