Malaysia and Thailand join Singapore's BLOOM initiative for stablecoin and tokenized-deposit settlement. Ripple's earlier pilot shows what remains unproven.
SoFi Earn launches with 4.40% APY on tokenized deposits. SOFIE shares bank insurance limits, while conversion to SoFiUSD ends deposit protection.
JPMorgan expands JPM Coin to Ethereum for institutional payments. Its $4T Kinexys total covers the wider platform, while access remains restricted to approved clients.
HSBC and Ant International completed UAE dirham and cross-border dollar deposit-token pilots. The 24/7 bank service spans six markets; transaction sizes remain undisclosed.
The Clearing House selected Quant to build the interoperability layer for a U.S. bank tokenized-deposit network targeting the first half of 2027. Here is what is confirmed.
OpenReserve received preliminary OCC approval to form a full-service national bank with planned tokenized deposits and stablecoin services, but must raise $210 million before it can open.
KB Kookmin Bank plans to use JPMorgan's Kinexys blockchain network for corporate USD payments across 10 countries in August, putting a major South Korean lender on 24/7 institutional settlement rails.
Bank of America named Sonali Theisen to lead its global digital-assets platform, putting tokenized deposits, stablecoins, custody and crypto settlement under a dedicated markets mandate.
Swift's new blockchain ledger is ready for initial use, with 17 banks preparing tokenized-deposit pilots for 24/7 cross-border payments.
JPMorgan, Bank of America, Citi and other big banks are backing a Clearing House tokenized deposit network aimed at 24/7 regulated digital dollars.