Woofun AI reports that Anchorage Digital has deployed a new platform designed to facilitate the issuance and management of tokenized deposits for banking institutions. This solution leverages blockchain technology to provide continuous payment and settlement services, operating as a parallel layer that preserves existing core banking systems while handling infrastructure, wallet management, and smart contracts.

Meanwhile, major financial entities including JPMorgan Chase, Citigroup, and Bank of America are advancing plans to jointly establish a dedicated tokenized deposit network by the first half of 2027.