JPMorgan, BofA, Citi Plan Blockchain-Based Tokenized Deposit Network for H1 2027

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According to CoinDesk, JPMorgan Chase, Bank of America, and Citigroup are among major U.S. lenders planning a shared tokenized deposit network through The Clearing House for the first half of 2027. The network would enable deposits to move on blockchain infrastructure with 24/7 settlement. Unlike stablecoins such as USDC and USDT, tokenized deposits remain liabilities of the issuing bank, potentially allowing them to fit within existing deposit-protection and prudential frameworks.
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