Key facts
- The Clearing House plans to launch a tokenized deposit network in early 2027.
- The network will connect traditional payment rails with digital asset infrastructure.
- It aims to provide 24/7 settlement capabilities.
- The network is backed by major US banks including JPMorgan Chase, Bank of America, and Citibank.
- The initiative aims to compete with private stablecoin companies.
The Clearing House, a payments operator co-owned by major US banks including JPMorgan Chase, Bank of America, Citibank, and Wells Fargo, is planning to launch a tokenized deposit network in the first half of 2027. This initiative is designed to bridge traditional payment systems with digital asset infrastructure, enabling instant, 24/7 settlement of tokenized commercial bank money. The network aims to provide a compliant, secure alternative to private stablecoins and keep corporate liquidity within the regulated banking ecosystem. David Watson, CEO of The Clearing House, shared these plans. The platform, referred to as 'the bridge' or 'the chain' by some banks, will be administered by The Clearing House and available to banks nationwide.