Crypto news, according to a report by Bloomberg, that major banks including JPMorgan, Bank of America, HSBC, Citigroup, and Wells Fargo are setting up a shared tokenized deposits network. The network will be operated by The Clearing House, a U.S. banking industry payments provider, and is planned to launch in 2027. The project is intended to connect the banks’ on-chain payment systems to improve interoperability between tokenized deposits and other digital currency systems. In its initial phase, it will focus on institutional large-value payments, corporate treasury, and liquidity management, and in the future it could also provide digital cash for tokenized securities settlement.

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GateUser-a68e8203
· 6h ago
Going live only in 2027? You know what the speed of traditional banks is like.
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GateUser-f4ae43e9
· 6h ago
Tokenized deposits interoperability means you can finally stop every bank from having to build its own set of standards
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WalletPermissionAdministrator
· 7h ago
Large payments by institutions come first, while retail investors are excluded again.
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YieldGoblin
· 7h ago
The Clearing House operates—which is basically just a rebranded SWIFT?
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