Anchorage Launches Tokenized-Deposit Rails to Bring Banks Onchain for 24/7 Settlement

Anchorage Digital, the first federally chartered US crypto bank, launched infrastructure on June 22 that lets banks issue tokenized deposits for round-the-clock settlement without replacing their core systems, as JPMorgan, Citi, and Bank of America build a shared network of their own.

Anchorage Launches Tokenized-Deposit Rails to Bring Banks Onchain for 24/7 Settlement Anchorage Digital, the first federally chartered US crypto bank, launched infrastructure on June 22 that lets banks issue tokenized deposits for round-the-clock settlement without replacing their core systems, as JPMorgan, Citi, and Bank of America build a shared network of their own. Aaron Rafferty June 23, 2026 Key Takeaways Anchorage Digital, the first federally chartered US crypto bank, launched tokenized-deposit infrastructure on June 22 that lets banks settle around the clock without overhauling core systems. Tokenized deposits keep customer money inside the regulated banking system, a contrast with stablecoins like USDC and USDT, which are issued by private companies. JPMorgan, Citi, and Bank of America are building a shared tokenized-deposit network for the first half of 2027, and BitGo is building similar infrastructure with ZKsync. Anchorage Digital, the first federally chartered crypto bank in the United States, launched infrastructure on June 22 that lets banks issue and manage tokenized deposits on blockchain networks, according to CoinDesk . The platform adds round-the-clock payments and settlement as a parallel layer, without forcing banks to replace the core systems that still run most of commercial banking. The mechanics are simple. A bank mints a digital representation of a customer deposit on a blockchain, while the underlying money stays in the bank's traditional account, per PYMNTS . Anchorage supplies the smart-contract infrastructure, wallet and key custody, and mint and burn endpoints, and the bank keeps the customer relationship. The distinction worth sitting with is what tokenized deposits are not. Stablecoins like USDC and USDT are issued by private compa