Follow UsJPMorgan, Citi-backed Clearing House plans tokenized deposit network in 2027: WSJ
Bullish-5.45%
5 Jun, 12:39
Source: Cointelegraph
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Major US banks JPMorgan, Citigroup, and Bank of America are planning to launch a tokenized deposit network by 2027 to compete with stablecoin issuers entering traditional finance.
Some of the largest banks are reportedly launching a tokenized deposit network in early 2027 in response to growing competition from stablecoin companies entering TradFi.