Major US Banks to Launch Shared Tokenized Deposit Network

The largest US banks have announced plans to develop a shared tokenized deposit network through the Clearing House, a real-time payment network owned by major commercial banks. The new system will enable banks to move tokenized deposits instantly across blockchain infrastructure, providing round-the-clock settlement support.

Banks see tokenized deposits as a regulated alternative to stablecoins, which could potentially pull customer deposits away from lenders if crypto companies gain more market share. By using tokenized deposits, banks can offer blockchain-based payments without pushing deposits outside the regulated banking system.

The Clearing House will run the new network, with launch targeted for early 2027. The system is expected to connect existing bank payment rails with blockchain infrastructure used in digital assets. Tokenized deposits on the network could move instantly and settle around the clock, giving banks a competitive edge in the payment sector.