Jamie Dimon · JPMorgan · Tokenization · U.S. · 99Bitcoins
IN: JPMorgan, Citi and major US banks to launch new tokenized deposit system to compete with crypto
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Key facts
- This news comes as Bitcoin sits flat on the day, above $63,300, while the total crypto market cap has shed 2.9% in the past 24 hours, now at $2.22 trillion, down from $2.7 trillion 10 days ago
- The network, operating on blockchain infrastructure, will enable instant 24/7 settlement and programmable payments while keeping every dollar inside the regulated banking system
- Key advantages include 24/7 settlement, programmable payments via smart contracts, and instant finality rather than pending next-business-day clearing
- In 2026, JPMorgan launched a tokenized deposit token on Base, Coinbase’s public Layer 2 network, indicating its willingness to adopt public blockchain technology
Summary
Tokenized Deposits Explained: What the Regulated Settlement Network Does and Why Banks Want It. JPMorgan Crypto News: What Jamie Dimon and Citi's Blockchain Bet Signals for the Financial System. Will Tokenized Deposits Replace Stablecoins? In JPMorgan crypto news, the bank, alongside Chase, Citigroup, Bank of America, and Wells Fargo, has confirmed plans to build a shared tokenized deposit network through The Clearing House, the real-time payments company they collectively own, with a target launch in the first half of 2027. The network, operating on blockchain infrastructure, will enable instant 24/7 settlement and programmable payments while keeping every dollar inside the regulated banking system.