Traditional banks can no longer sit still. In 2027, they will launch a tokenized deposit network, aiming for the convenience of 24-hour transfers while fearing customers will turn to crypto companies. Their plans are quite ambitious.

CoinWorld News reports that major U.S. banks such as JPMorgan Chase, Citibank, and Bank of America plan to roll out a shared tokenized deposit network in mid-2027, aiming to keep customer deposits within traditional banking channels while providing payment speeds similar to stablecoins. The network will convert traditional bank deposits into blockchain tokens, allowing customers to make 24-hour transfers within a regulated banking system. This move is intended to address the rapid growth of the stablecoin market and prevent customers from moving their funds to crypto companies.