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fintech / news / / Financial News

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

Major U.S. banks will launch a tokenized deposit network in 2025.

KEY POINTS
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.
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