JPMorgan, Citi and big banks plan new tokenized deposit network to answer crypto

08 Jun 2026 - 08:16
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The new network could help banks contend with a wave of new competition from stablecoins and crypto firms. A company called the Clearing House, which is co-owned by large commercial banks, will operate the network, according to Wall Street Journal. The largest U.S. banks plan to launch a tokenized deposit network next year, an attempt […]

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