Are banks going on-chain? Anchorage launches a tokenized deposit platform๐ฆโ๏ธ
Anchorage Digital (the U.S. federally chartered crypto bank) has rolled out a tokenized deposit infrastructure, allowing traditional banks to achieve 24/7 on-chain settlements without overhauling their core systems๐ก
The underlying funds remain in bank accounts; Anchorage simply provides the blockchain infrastructure + smart contracts. In simple terms, itโs like giving banksโ wallets โa crypto versionโ๐
Now JPMorgan, Citi, and Bank of America are getting in on their own shared tokenized deposit networks, expected to go live in the first half of 2027โณ
Stablecoins vs. tokenized deposits, which will be the final piece of the puzzle for institutions entering DeFi? ๐ค
#TokenizedDeposits #BankingOnChain #AnchorageDigital
$ANCHORAGE
#TokenizedDeposits #DeFi