Major US Banks to Launch Tokenized Deposit Network in 2027
- Source
- Wall Street Journal
- Time
- 4:53 PM
- Weight
- 94/100
Several major U.S. banking institutions, including JPMorgan Chase, Citigroup, and Wells Fargo, are collaborating to launch a commercial tokenized deposit network slated for 2027. Known as the Regulated Liability Network (RLN), the platform will utilize a shared distributed ledger to process digital versions of commercial bank deposits and central bank money.
This initiative follows successful pilot tests and aims to integrate blockchain technology directly into the core infrastructure of the traditional financial system. The implementation of this network is expected to streamline cross-border payments and significantly reduce settlement times for domestic transactions.