Wire · technology
US Banks and The Clearing House Launch Tokenised Deposit Network
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Fusion42 · 21 July 2026 · Fusion42 review
A coalition of 17 major US banks launched a bank-led tokenised deposit network through The Clearing House, enabling on-chain clearing and settlement of tokenised commercial bank deposits linked to real-time payments and wire systems. The infrastructure operates 24/7 within existing regulatory frameworks, positioning tokenised bank deposits as an alternative to non-bank stablecoins.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
If you build treasury automation, cross-border payment, or digital asset settlement tools, you now have a pluggable on-ramp: 17 of the largest US banks just created a shared tokenised deposit layer that works 24/7 and sits inside existing bank guarantees and insurance. The infrastructure exists; the real question is which tools on top of it get built first.
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1 source · 21 Jul 2026
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