TLDR Tech / Fintech
JPMorgan, Citi, and big banks plan new tokenized deposit system to answer crypto
Major US banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, plan to launch a tokenized deposit network next year, operated by The Clearing House. The system would connect traditional payment rails with digital asset infrastructure, giving banks a response to growing competition from stablecoins and crypto firms moving further into payments and deposits.
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