Tokenized Deposits

Definition ∞ Tokenized deposits represent traditional fiat currency deposits held in regulated financial institutions that have been represented as digital tokens on a blockchain. These tokens can offer the stability of fiat currency combined with the transactional efficiencies of digital assets. They facilitate faster settlement, enable programmability, and can be integrated into decentralized finance applications. This innovation bridges the gap between conventional banking and the digital asset ecosystem.
Context ∞ The emergence of tokenized deposits is a significant development at the intersection of TradFi and DeFi, with various financial entities exploring their creation and utility. Discussions often center on the regulatory treatment of these tokens, their backing mechanisms, and their potential to enhance liquidity and payment systems. The interplay between established banking infrastructure and blockchain technology is a key area of focus for market participants and regulators alike.

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→Digital Cash

→Institutional Settlement

→Asset Tokenization

JPMorgan Launches Tokenized Deposit on Base Blockchain for Institutional Settlement

JPMD on Base establishes a regulated, 24/7/365 settlement rail, drastically reducing counterparty risk and optimizing institutional liquidity management.

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→Tokenized Deposits

→Capital Efficiency

→Institutional Settlement

Citi Expands Tokenized Deposit Service for Institutional Cash and Trade Settlement

The production-scale rollout of tokenized deposits enables 24/7 programmable liquidity management, directly optimizing corporate treasury capital efficiency and cross-border settlement latency.

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→Institutional Finance

→Digital Infrastructure

→Treasury Management

Citi Expands Token Services for Corporate Liquidity and Automated Settlement

Leveraging tokenized deposits on a private blockchain provides multinational corporate treasuries with real-time liquidity and superior capital efficiency.

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→Liquidity Management

→Operational Efficiency

→Programmable Money

Citi Expands Token Services for Corporate Treasury and Real-Time Liquidity

Integrating tokenized deposits on a private ledger enables immediate cash concentration and automated, 24/7 cross-border settlement, enhancing capital efficiency for global clients.

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→Programmable Money

→Global Payments

→DLT Integration

HSBC Expands Tokenized Deposit Service for Instant Cross-Border Corporate Payments

The DLT-based service converts fiat deposits into digital tokens, enabling real-time, 24/7 liquidity management and T+0 settlement for global treasury functions.

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→Systemic Efficiency

→Interbank Settlement

→Tokenized Deposits

New York Fed and Banks Complete Regulated Liability Network DLT Settlement Pilot

The RLN PoC validates DLT for atomic settlement of tokenized bank liabilities, de-risking interbank payment flows and optimizing capital efficiency.

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→Digital Ledger

→Payment Modernization

→Compliant Finance

Bank of North Dakota and Fiserv Launch State-Issued Interbank Stablecoin

The state-backed wholesale stablecoin, built on enterprise DLT, establishes a compliant, real-time settlement layer for interbank and global treasury flows.

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→Institutional DLT

→Programmable Money

→Commercial Bank Money

Six Major UK Banks Pilot Tokenized Sterling Deposits to Modernize Payments Infrastructure

The two-year tokenized sterling pilot integrates commercial bank money onto DLT, accelerating T+0 settlement and mitigating systemic counterparty risk across three key financial verticals.

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→Fiat-To-Crypto Ramp

→Reserve Management

→Institutional Custody

Citi Commits to 2026 Institutional Crypto Custody Service Launch

The planned 2026 custody launch integrates digital assets into core banking infrastructure, mitigating counterparty risk and enabling seamless institutional access to real-time multi-asset management.

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→Compliance Architecture

→Commodities

→Reserve Backing

Congress Passes GENIUS Act Establishing Federal Stablecoin Regulatory Framework

The new federal stablecoin regime mandates 100% liquid reserves and BSA compliance, structurally redefining payment rails for all issuers.

Tokenized Deposits

JPMorgan Launches Tokenized Deposit on Base Blockchain for Institutional Settlement

Citi Expands Tokenized Deposit Service for Institutional Cash and Trade Settlement

Citi Expands Token Services for Corporate Liquidity and Automated Settlement

Citi Expands Token Services for Corporate Treasury and Real-Time Liquidity

HSBC Expands Tokenized Deposit Service for Instant Cross-Border Corporate Payments

New York Fed and Banks Complete Regulated Liability Network DLT Settlement Pilot

Bank of North Dakota and Fiserv Launch State-Issued Interbank Stablecoin

Six Major UK Banks Pilot Tokenized Sterling Deposits to Modernize Payments Infrastructure

Citi Commits to 2026 Institutional Crypto Custody Service Launch

Congress Passes GENIUS Act Establishing Federal Stablecoin Regulatory Framework

Incrypthos

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