US banks JP Morgan, Citi, Bank of America, and Wells Fargo are reportedly releasing a tokenised deposit system in 2027 in response to the stablecoin boom. According to The Wall Street Journal, the Clearing House will run the payment network that will connect traditional payment rails with digital assets infrastructure. Tokenised deposits will be settled instantly across a 24/7 blockchain network.CEO of The Clearing House, David Watson, told the WSJ that the launch is “a big move for the banks”.The early adopters of the network are expected to be large multinational corporations. The framework aims to connect US banks to a large scale tokenised deposit framework that would also be applicable to programmable treasury operations, cross-border payments, and liquidity management, Finextra reports.The partner of Fintech section is Tweet Views 3044