JPMorgan, Citi, and BofA to Launch Blockchain Deposit Network in 2027
JPMorgan, Citi, and BofA plan to launch a blockchain deposit network in 2027, signaling major banks' move toward tokenized infrastructure for deposits.
Institutions
JPMorgan, Citi, and BofA
Project Type
Blockchain deposit network
Launch Target
2027
Three leading financial institutions, JPMorgan, Citi, and BofA, have announced plans to create a shared blockchain network for deposits. This initiative is scheduled for launch in 2027 and represents a significant step in integrating blockchain technology into traditional banking operations.
Original summary by the Intergalactic Newsroom based on the cited source; read the source for full details. Not investment advice.