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Major Banks Launch Shared Tokenized Deposit Network
PYMNTS·
Leading U.S. financial institutions, including JPMorgan Chase, Bank of America, Citi, and Wells Fargo, are advancing plans for a unified tokenized deposit network. Operated by The Clearing House, this initiative represents a significant step towards modernizing banking infrastructure through blockchain technology. The network aims to streamline deposit processes and enhance efficiency by leveraging tokenization for interbank transactions.
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fintech
crypto
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PYMNTS — pymnts.com