According to PYMNTS, major U.S. banks are advancing tokenized deposit networks through The Clearing House, with participants including JPMorgan Chase, Bank of America, Citi, Wells Fargo, and others, aiming to go live in the first half of 2027. The article points out that tokenized deposits are different from stablecoins, still belonging to bank liabilities and remaining on the bank's balance sheet, and can be used for programmable fund management, liquidity allocation, and cross-border payments; future competition may shift from "whether banks embrace stablecoins" to "how banks transform deposits to accommodate 24/7 settlement."
According to PYMNTS, major U.S. banks are advancing tokenized deposit networks through The Clearing House, with participants including JPMorgan Chase, Bank of America, Citi, Wells Fargo, and others, aiming to go live in the first half of 2027. The article points out that tokenized deposits are different from stablecoins, still belonging to bank liabilities and remaining on the bank's balance sheet, and can be used for programmable fund management, liquidity allocation, and cross-border payments; future competition may shift from "whether banks embrace stablecoins" to "how banks transform deposits to accommodate 24/7 settlement."