JPM · News · 20260923N

Tokenized Deposit Infrastructure

JPMORGAN CHASE & CO · 2026-09-23 · Importance 31 · Surprise 42

JPMorgan is developing tokenized deposit services alongside U.S. banks including Wells Fargo and Citigroup. The initiative is aimed at competing with crypto companies and improving payment efficiency. Separately, major Canadian banks are exploring a Canadian-dollar tokenized deposit system under regulatory oversight, with potential links to other digital-asset initiatives; the report gives no dollar amount or launch date.