Major Financial Institutions Launch On-Chain Money Initiative
A group of leading U.S. financial institutions has launched a new initiative enabling programmable commercial bank money to move at scale on-chain while integrating with traditional payment systems like RTP and CHIPS. The project, operated by The Clearing House (owned by 25 major banks), aims to modernize digital payments through tokenized deposits that preserve the trust of fiat currency.
Topics: banking innovation digital payments The Clearing House tokenized money