JPMorgan, Bank of America, Citi to start blockchain offensive with shared tokenized network

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email JPMorgan, Bank of America, Citi to start blockchain offensive with shared tokenized network American s biggest banks plan to introduce a shared tokenized network next year to tackle the potential threat of stablecoins eating into their deposits. By Omkar Godbole Jun 5, 2026, 9:16 a.m. 2 min read Make preferred on U.S. banks are developing a tokenized deposit network to counter the stablecoin threat. (Ikechukwu Julius Ugwu/Unsplash) What to know : Major U.S. banks, including JPMorgan, Citi and Bank of America, plan to establish a shared tokenized deposit network by mid-2027, operated by the Clearing House, according to the Wall Street Journal. The banks plan to convert traditional bank deposits into blockchain-based tokens that can move quickly around the clock, while keeping funds inside the regulated banking system. America s biggest banks, including JPMorgan, Citi and Bank of America, plan to build a shared, tokenized deposit network by the first half of 2027 to protect their deposits from the threat posed by stablecoins, the Wall Street Journal reported .