Anchorage Digital Launches Tokenized Deposit Platform to Enable On-Chain Settlement for Banks

TechFlow News, June 22: According to CoinDesk, Anchorage Digital, a U.S. federally chartered crypto bank, announced the launch of a new platform to help banks issue and manage tokenized deposits. The platform leverages blockchain technology to provide banks with 24/7 payment and settlement services without requiring replacement of their existing core systems. It operates as a parallel layer, with Anchorage responsible for blockchain infrastructure, wallet management, and smart contract technology, while banks retain responsibility for customer relationships and deposit custody. Currently, several major banks—including JPMorgan Chase, Citigroup, and Bank of America—plan to jointly establish a tokenized deposit network in the first half of 2027.