Anchorage Digital Launches Tokenized Deposit Platform to Enable On-Chain Payments and Settlements for Banks
Cryptocurrency bank Anchorage Digital on Monday launched a new infrastructure platform to help banks issue and manage tokenized deposits, leveraging blockchain technology to offer 24/7 payment and settlement services without replacing existing core banking systems. The platform creates blockchain-based representations of customer deposits while keeping the underlying funds in traditional deposit accounts. Major banks including JPMorgan, Citibank, and Bank of America are planning to establish a shared tokenized deposit network by the first half of 2027.




