Anchorage Digital launches platform for banks to issue tokenized deposits

Federally chartered crypto bank Anchorage Digital launched infrastructure letting banks issue tokenized deposits on blockchain, enabling 24/7 settlement without replacing core banking systems.

• Anchorage's platform creates blockchain-based representations of deposits while funds stay in traditional bank accounts.
• Banks can offer round-the-clock payments and settlement without overhauling their existing core systems.
• Tokenized deposits compete with stablecoins as the preferred way to move money on blockchain rails.
• JPMorgan, Citi and Bank of America are also building a shared tokenized deposit network by early 2027.
• Anchorage provides blockchain infrastructure, wallet management and smart contracts while banks keep customer relationships.

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