Uber tested weekend investment in a Franklin Templeton tokenized money market fund using HSBC tokenized deposits. Could 1.5 extra days of yield cover Sunday redemption liquidity costs?

The Clearing House and Quant are bringing tokenized-deposit interoperability to America's $2 trillion-a-day wholesale payment infrastructure. We examine CHIPS's 26:1 liquidity efficiency, Swift's global connectivity advantage and why Fnality's common settlement asset could reshape institutional payments, securities settlement and collateral mobility.

The OCC has removed its proposed third-party yield presumption, not the issuer yield ban. We examine what that means for rewards, revenue sharing and competition from tokenized bank deposits.

How tokenized Treasuries and MMFs could fund 24/7 corporate payments AND why settlement timing and revenue capture determine the economics.

JPMorgan is bringing JPM Coin to Ethereum, positioning tokenized commercial bank deposits to compete with stablecoins for institutional liquidity. As banks expand across public blockchains, a critical question emerges: Will institutions prioritise the moneyness of commercial bank deposits or the distribution and interoperability of stablecoins?

Stablecoins can move £50 million across borders in seconds, but that doesn't guarantee usable liquidity in a corporate bank account. Our £50M Treasury Test examines how stablecoins, tokenized deposits, Mastercard Move, Swift and Fnality address the gap between 24/7 settlement and fiat availability, who bears the liquidity costs, and where the commercial value lies.

Hong Kong’s HK$20 billion digital green bond offering on HSBC Orion reveals what scaling tokenised capital markets requires: bank money that works across institutions, dependable interbank settlement and payment linked to bond delivery. We unpack the infrastructure and what remains before it can operate around the clock.

ANZ, BHP, Citi and Swift have demonstrated how tokenized commercial bank deposits can support live, 24/7 cross-border corporate treasury payments.

Tokenized payments are becoming enterprise software. Where can infrastructure providers build scale and capture market share—and what will customers pay for? This Strategic Edge examines how interoperability, integration and distribution shape competition, and how providers can translate connectivity into payment, liquidity and treasury products that meet customer demand.

Citi today expanded Citi Token Services into Japan and the UAE, extending its tokenized deposit capabilities across its global institutional banking network. Japan will support USD transactions, while the UAE will support both USD and EUR...

UBS and Mizuho Complete Cross-Border Interbank Payments via Swift Ledger

UK banks have put tokenized deposits to work in real customer transactions. Scaling those services depends on connecting banks, currencies and settlement systems. We examine the emerging interoperability models and where banks should invest.

BMO, CIBC, National Bank of Canada, RBC, Scotiabank and TD Join Tokenized Deposit Race

DBS, OCBC and UOB have completed live interbank SGD tokenized deposit transactions using Swift’s blockchain-based ledger. The bigger story is not 24/7 payments, but Swift’s attempt to become the common orchestration and interoperability layer connecting tokenized bank money across institutions while final settlement remains on existing rails.

Global tokenized asset market grew 290% in last 12 months according to Deutsche Bank Institute. Here are the key trends, signals and what's next...

What does 1,000% surge in a single product category signal about the future of exchanges? We unpack the numbers, acquisition strategy and ownership logic behind the Robinhood and Crypto.com partnership and the opportunity to earn beyond crypto trading.

BNP Paribas and HSBC have facilitated a cross-border, cross-currency tokenized-deposit transaction for Siemens using Swift’s shared ledger. The transaction reveals how a hub-of-hubs model could connect banks’ proprietary tokenized-deposit systems without requiring corporates to adopt new treasury infrastructure...

Citi’s live tokenized deposit transactions with FAB and OCBC reveal how institutional digital money could scale across banks. This Strategic Edge note examines Swift’s DLT ledger as the coordination layer, global banks as distribution hubs, and the emerging hub-of-hubs model for interbank payments, liquidity and tokenized asset settlement...

Standard Chartered has disclosed that its tokenised-money activity reached an approximately $11 billion monthly run rate...

Standard Chartered and HSBC complete interoperable tokenized deposit transaction on Swift’s blockchain-based ledger...

How Citi Custody+ and BitGo reveal the future of digital-asset custody as banks integrate cash, FX, servicing, collateral and tokenized finance...

Wells Fargo becomes the 5th GSIB to roll out tokenized deposit...

Institutional digital money is developing through a new model: global infrastructure supplied by GSIBs and always-on payment services distributed by local banks...

Institutional digital cash is evolving rapidly as tokenized deposits, blockchain-based payments and tokenized securities settlement move into production...

Bank of America is finally making its move to enter digital asset...

Siam Commercial Bank (SCB), one of Thailand's Big Four banks, has become the first financial institution to go live with Citi's integrated 24/7 USD Clearing and Citi Token Services solution...

Swift launches 24/7 tokenized deposit payments with 17 global banks, including HSBC, Citi, and Standard Chartered, preparing for first transactions...

JPMorgan expands tokenized deposit payments with 5 new currencies...

JPMorgan drops new report on Treasury Management in Tokenization and AI era. Key takeways...

Major US banks to enable interoperable tokenized deposits

Bank of England's Megan Greene: "The popularity of stablecoins could soon fade, replaced by tokenised deposits, or digital versions of traditional bank deposits."

Ant International and Thailand's KBank to leverage JPMorgan Kinexys Digital Payments for cross-border payment solution...

BIS Project Agora: tokenized central bank reserves and commercial bank deposits can operate on a shared ledge to upgrade wholesale cross-border payments...

Digital assets are pushing global markets towards a 24/7, always-on system. Bank of England's latest paper on extending settlement hours is one of the clearest signals yet of where this is heading...

JPMorgan enables cross-border fiat payout for Ripple via Mastercard and from Ondo Finance's tokenized money market fund...

Financial Conduct Authority (FCA) releases framework for fund tokenisation, signalling path towards FULLY ONCHAIN fund operating models. Key takeaways...

JPMorgan's Global Co-Head of Payments, Umar Farooq, just made the strongest case yet for tokenized deposits over stablecoins...

Citi's Shahmir Khaliq, Head of Services (one of Citi's 5 business lines) lays out the North Star for Citi’s digital asset strategy in payments. Key takeaways:

Citi Head of Service, Shahmir Khaliq, on Digital Assets

HSBC Global Payments Solutions (GPS), the global product line that provides payments, cash management, liquidity, and treasury infrastructure to institutional clients, has successfully completed a pilot simulating the issuance, transfer and atomic settlement of its Tokenised Deposit Service (TDS) on the Canton Network.

Mitsubishi Corporation is set to leverage blockchain-based tokenized deposits from JPMorgan to enable instant, cross-border fund transfers. Following successful pilot transactions using JPMorgan’s Blockchain Deposit Account, full-scale rollout is expected as early as fiscal 2026.

BMO to launch tokenized deposit product with Google and CME

US regulators greenlight public permissionless blockchains to banks

Barclays explores blockchain for tokenized deposits and payments

Five US banks are working with the Cari Network, a blockchain-based platform led by former US Comptroller of the Currency Gene Ludwig to launch a shared tokenized bank deposit network.

Card payment networks are becoming a national sovereignty issue. UK is set to explore alternatives to Visa and MasterCard

Stablecoin's balance sheet cost for European banks

2026 Tokenized Bank Deposit Outlook from Kinexys JPMorgan

Why tokenized bank deposit is a MUST for every bank?

Stablecoin could pull $6.6T deposit out of the banking system. This is an extinction level threat. Time for banks to get competitive. Here is how.