Major U.S. Banks Collaborate On Tokenized Deposit Network
JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), and Citigroup (NYSE: C) are developing a shared tokenization network to be operational by mid-2027, aiming to counter competition from stablecoins. The system will convert deposits into blockchain-based tokens for faster transfers.
Topics: blockchain deposits regulation stablecoins tokenization