JPMorgan, Citi, Bank of America Plan Shared Tokenized Deposits Network by Mid-2027

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According to CoinDesk, JPMorgan, Citi, and Bank of America plan to establish a shared tokenized deposits network by mid-2027, to be operated by The Clearing House. The network will convert traditional bank deposits into blockchain-based tokens, enabling around-the-clock fund transfers while keeping assets within the regulated banking system.
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