# The new network will connect traditional payment rails with the infrastructure that digital assets run on.

*fintech · news · 2026-06-04 · Financial News*

## Key points

- Major U.S. banks will launch a tokenized deposit network in 2025.
- The network aims to counter growing competition from crypto companies under President Trump.
- The system bridges traditional payment rails with digital asset infrastructure for greater integration.
- The network will be operated by the Clearing House, co-owned by top U.S. banks.

The largest U.S. banks plan to launch a tokenized deposit network next year, an attempt to stave off threats from crypto companies that are seeking to wade deeper into their territory under President Trump . The new network will connect traditional payment rails with the infrastructure that digital assets run on. It will be operated by a real-time payment network company called the Clearing House, which is co-owned by JPMorgan Chase , Bank of America , Citigroup , Wells Fargo and other large commercial banks.

**Companies:** JPMorgan Chase, Bank of America, Citigroup, Wells Fargo
**Countries:** United States

[Read the full story on Financial News](https://www.fnlondon.com/articles/jpmorgan-citi-and-big-banks-plan-new-tokenized-deposit-system-to-answer-crypto-6b2d696b)

---

Canonical: https://newsio.io/n/0b32540f-665a-4f59-b345-d854b85905b8/the-new-network-will-connect-traditional-payment-rails-with-the-infrastructure-t
Summarized by Newsio from Financial News. https://newsio.io/how-it-works