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.