Top US Banks to Launch Tokenized Deposit Network: Report
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Major Wall Street banks plan to launch a tokenized deposit network in the first half of 2027, led by the Clearing House, a real-time payments firm co-owned by JPMorgan Chase, Bank of America, Citigroup and Wells Fargo. The initiative could accelerate institutional crypto adoption and tokenized deposit use in banking infrastructure, with implications for DeFi, token launches and on- and off-ramp dynamics between traditional finance and crypto.
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The biggest banks on Wall Street are reportedly going to launch a tokenized deposit network in the first half of 2027.
The effort is being led by the Clearing House, a real-time payments company co-owned by major financial institutions including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.
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