Wall Street banks launch coordinated blockchain network for tokenized deposits to compete with stablecoins – Link

JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are building a shared blockchain network through The Clearing House for tokenized bank deposits. The launch is planned for H1 2027, as stablecoin transaction volumes hit a record $28 trillion in Q1 2026.

Matters because: Traditional finance is moving directly into blockchain rails to match stablecoins on speed and programmability while keeping regulatory advantages.
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