News, data and analysis on tokenized assets, market design and digital economic systems.
One of the largest US banks by deposits, whose chief executive argued in January 2026 that interest-bearing stablecoins could displace as much as $6tn of them, and which is a founding participant in the tokenized deposit network due from The Clearing House's owners by the first half of 2027.
Among the largest US banks by deposits, and a founding participant in the shared tokenized deposit network being built with JPMorgan, Citi and other owners of The Clearing House for launch by the first half of 2027. Its chief executive argued in January 2026 that interest-bearing stablecoins could move as much as $6tn out of bank deposits and raise borrowing costs. The bank's stated position is that tokenisation should extend deposit money inside the banking system rather than displace it.
Developments in which Bank of America Corporation is a named party, newest first.
Bank of America, Citi, Goldman Sachs, Deutsche Bank, UBS, MUFG and fifteen others say they will establish a company this half to support a USD stablecoin, with a euro one to follow and nothing else settled.
Twenty-one banks and asset managers said on 1 September 2026 that they had committed to establish a company in the second half of 2026, subject to closing conditions, to support the issuance of a stablecoin, starting in dollars with a euro offering the priority for expansion. They aim to go to market in the first half of 2027. No company name, token, chain or custodian is given.
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
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