JPMorgan, Citi, and BofA Plan a Shared Tokenized Deposit Platform for 2027

JPMorgan Chase, Bank of America, and Citigroup are collaborating on a joint tokenized deposit network, with a planned launch in the first half of 2027, according to a Wall Street Journal report.

The initiative aims to modernize deposit infrastructure while reinforcing banks’ position as competition from stablecoins intensifies. It will be operated through The Clearing House, a payments body owned by major banks.

Source: WSJ