JPMorgan, BofA, and Citi Target H1 2027 Launch for Tokenized Deposit Network via The Clearing House
JPMorgan Chase, Bank of America, Citigroup, and other major banks are reportedly working on a tokenized deposit network in partnership with The Clearing House, with a planned launch in the first half of 2027. The network is designed to support 24/7 blockchain-based transactions, marking a major move toward integrating blockchain infrastructure into traditional banking and accelerating institutional adoption of digital asset technology.