JPMorgan and Citi Consortium to Launch Tokenized Deposit Network in 2027
A consortium backed by JPMorgan and Citi plans to launch a tokenized deposit network in early 2027, marking a significant step for institutional blockchain adoption.
Backers
JPMorgan, Citi
Launch Target
early 2027
Asset Type
tokenized deposit network
A group supported by major financial institutions JPMorgan and Citi is preparing to introduce a new network for tokenized deposits. This initiative is scheduled to go live in early 2027. The project aims to modernize banking infrastructure through distributed ledger technology.
Original summary by the Tokensoft Newsroom based on the cited source; read the source for full details. Not investment advice.