JPMorgan, Citi-backed consortium plans to launch tokenized deposit network in early 2027: WSJ

From theblock.co

Major U.S. banks reportedly plan to launch a tokenized deposit network as soon as the first half of 2027, in Wall Street's latest effort to integrate blockchain into traditional finance. According to a Thursday report from the Wall Street Journal, the network is expected to be operated by the Clearing House, a private-sector payments company owned by a consortium of major banks, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and others. The planned platform — dubbed as "the bridge" by some banks and "the chain" by others — would enable tokenized deposits to move instantly and support ... (full story)