JPMorgan, Citi-Backed Consortium Plans to Launch Tokenized Deposit Network in Early 2027
Scheduled for a first-half 2027 rollout, the shared digital network aims to link traditional payment rails with distributed ledger technology.
Scheduled for a first-half 2027 rollout, the shared digital network aims to link traditional payment rails with distributed ledger technology.
France is pushing European banks to expand euro-pegged stablecoins and tokenized deposits, aiming to strengthen regional digital finance and reduce dependence on dollar-based systems.
Barclays is reportedly evaluating blockchain infrastructure for payments, deposits, and stablecoin applications as banks and Big Tech accelerate digital asset initiatives.
JPMorgan has deployed its blockchain-based deposit token, JPM Coin (JPMD), on Coinbase’s Base network – marking the bank’s first payment product on a public blockchain and a milestone in on-chain banking.