JPMorgan, Citi, Bank of America and Wells Fargo to Launch Tokenized Deposit Network in 2027

Finextra·medium signal

Four of the largest US banks — JPMorgan, Citi, Bank of America, and Wells Fargo — are reportedly preparing a shared tokenized deposit network for 2027 as a direct response to the stablecoin boom. The coordinated move is the incumbent banking system's bid to keep programmable money on its own rails rather than ceding it to crypto-native issuers.