JPMorgan Builds Tokenized Deposit Network to Block CLARITY Act Threat
Major US banks are launching a tokenized deposit network by mid-2027, driven by defensive positioning against stablecoin legislation that could let competitors offer yield directly to consumers. The move mirrors early 2010s bank responses to fintech disruption, as JPMorgan, Citi, BofA, and Wells Fargo race to protect deposit accounts from regulatory threats.









