Major U.S. banks plan tokenized deposit network by 2027
Key Questions
Which banks are involved in the tokenized deposit network?
JPMorgan, Citi, and other major U.S. banks plan to launch a joint tokenized deposit network by 2027 to compete with stablecoins.
What are the main goals of the tokenized deposit initiative?
The network aims to rival crypto stablecoins while preserving bank credit risk and reshaping payments competition.
How could this development affect crypto regulation?
The move has significant implications for the CLARITY Act and broader crypto regulation as banks seek to maintain control over deposit infrastructure.
JPMorgan, Citi, and other major U.S. banks are launching a joint tokenized deposit network by 2027 to rival stablecoins. This financial infrastructure move has significant policy implications for the CLARITY Act and crypto regulation, preserving bank credit risk and reshaping payments competition.
Sources (2)
Updated Jun 8, 2026