<div id="readability-page-1" class="page"><div><ul><li>Major U.S. banks, including JPMorgan, Citi and Bank of America, plan to establish a shared tokenized deposit network by mid-2027, operated by the Clearing House, according to the Wall Street Journal. </li><li>The banks plan to convert traditional bank deposits into blockchain-based tokens that can move quickly around the clock, while keeping funds inside the regulated banking system.</li></ul></div></div>

<p>Major U.S. banks, including JPMorgan, Bank of America, and Citi, plan to launch a shared tokenized deposit network by mid-2027. Operated by the Clearing House, this initiative will convert traditional deposits into blockchain-based tokens for fast, 24/7 transfers while keeping funds within the regulated banking system.</p>

- Major U.S. banks, including JPMorgan, Citi, and Bank of America, plan to launch a shared tokenized deposit network by mid-2027, as reported by the Wall Street Journal.  
- This initiative aims to convert traditional bank deposits into blockchain-based tokens that facilitate fast transactions while ensuring funds remain within the regulated banking system.  
- The network will be operated by the Clearing House to enhance the efficiency of deposit transfers.

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JPMorgan, Bank of America, Citi to start blockchain offensive with shared tokenized network