Tokenization · White House · CryptoSlate
Citi's research detects why banks care
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The same report argues that stablecoins will coexist with bank tokens such as tokenized deposits and deposit tokens, and that bank-token transaction volumes may exceed stablecoin volumes by 2030.
Key facts
- The broader crypto market stood near $2.2 trillion
- Its June 5 announcement puts the largest U.S. banks behind a shared response to the stablecoin challenge: dollar payments can now move around the clock, across blockchain rails, with programmable
- Citi's separate Tokenization 2030 research points to the institutional reason
- The Clearing House, the bank-owned operator of core U.S. payment infrastructure, is preparing a system that lets banks settle deposits on-chain
Summary
01 The Clearing House is preparing a network for banks to settle tokenized deposits on-chain around the clock. 02 Banks want stablecoin-like speed and programmability without moving customer balances out of regulated deposit accounts. 03 Launch timing, ledger design, and public-chain interoperability are still unclear, leaving its reach against stablecoins uncertain. The Clearing House, the bank-owned operator of core U.S. payment infrastructure, is preparing a system that lets banks settle deposits on-chain. Its June 5 announcement puts the largest U.S. banks behind a shared response to the stablecoin challenge: dollar payments can now move around the clock, across blockchain rails, with programmable settlement.