JPMorgan, Citi and America’s Biggest Banks Plan Tokenized Deposit Network: Report
Key Takeaways The Wall Street Journal reports JPMorgan, Citi, BofA and Wells Fargo plan a tokenized deposit network via The Clearing House by 2027. JPMorgan’s JPM Coin already runs on Coinbase’s Base for institutional clients, giving it a head start over the broader consortium. The Cari Network, backed by five regional banks, targets a separate…
