Frank Chaparro(@fintechfrank):WSJ: JPMorgan, Bank of America, Citi, and Wells Fargo are building a tokenized deposit network to compete with crypto. The goal is to keep deposits inside the banking system while offering speed and 24/7 settlement. The network will be operated by The Clearing House, and it sounds like the underlying blockchain hasn’t been selected yet.

Frank Chaparro

@fintechfrank

Head of Strategic Communications @GSR_io/ Host of The Crypto Tape / Airbnb Super Host/ Founding Reporter at The Block

Joined December 2014

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Frank Chaparro@fintechfrank

2026.06.05 11:44

WSJ: JPMorgan, Bank of America, Citi, and Wells Fargo are building a tokenized deposit network to compete with crypto. The goal is to keep deposits inside the banking system while offering speed and 24/7 settlement. The network will be operated by The Clearing House, and it sounds like the underlying blockchain hasn’t been selected yet.