Traditional finance is moving fast as stablecoins start eating their lunch. Banks are now racing to tokenize deposits.

1. Giants like Citigroup, BNY Mellon, and Standard Chartered are exploring “tokenized deposits”. This = bank money on blockchain.

2. Why this matters: Stablecoins are draining deposits from banks. Users move cash → crypto rails for speed + yield. Banks are losing control.

3. Tokenized deposits are their answer. Same dollars. Same banks. But now on-chain.