Tokenized Deposits

Stripe plans to extend its stablecoin card programs to more than 100 countries by the end of the year, widening access to digital dollar payments for businesses and consumers. The push comes as stablecoin card spending reached about $1.2 billion last month, roughly triple the level seen a year earlier.

BNY is in talks with Payward, the parent company of Kraken, over a potential partnership that could span digital assets, custody, trading, payments and wealth management. The discussions remain ongoing, with no guarantee that the two companies will reach a final agreement.

Canada’s largest banks are exploring a shared Canadian-dollar tokenized deposit system aimed at faster interbank money movement. The initiative begins with transfers across participating institutions and could later connect with broader digital asset infrastructure.

Google Cloud and Apple are recruiting for roles tied to Web3 infrastructure and consumer financial products, signaling deeper interest in stablecoins, tokenized deposits and blockchain payments. The openings do not confirm new crypto launches, but they show digital asset expertise is moving further into major technology and payments ecosystems.

Swift is moving blockchain capabilities into its global financial messaging network as stablecoins and tokenized deposits push cross-border payments toward faster, cheaper and always-on settlement. Banks and crypto payment executives remain divided over whether shared ledgers will strengthen Swift’s role or eventually make parts of its legacy infrastructure redundant.

Bitcoin is hovering near $80,000 after a sharp ten-day advance tied to easing pressure in long-term bond markets. Traders are now focused on Fed Chair Kevin Warsh’s Jackson Hole remarks for signals on inflation, rates, liquidity and crypto policy.

Dallas Fed economists estimate that tokenized deposits could reduce U.S. banks’ capacity to absorb long-term interest-rate risk by about $700 billion if depositors become more rate-sensitive. The concern is that programmable deposits, instant settlement and AI agents could make bank funding less stable and more expensive.

A group of major global banks has completed real cross-border payments using tokenized central bank reserves and commercial bank deposits in a BIS-led pilot. The test points to growing institutional interest in shared-ledger settlement as banks seek faster, more traceable international payments.

Crypto executives and banking leaders increasingly see younger consumers moving toward wallets that hold stablecoins, tokenized deposits and other digital assets. The shift points to a future where banks remain important, but the standalone bank account may no longer be the default financial hub.

Swift is preparing live transaction tests for a blockchain-based shared ledger with 17 major banks, including HSBC, UBS, Wells Fargo and Citi. The platform is designed to support tokenized deposits and regulated digital money while keeping final settlement connected to existing payment rails.

JPMorgan says it supports a U.S. framework for digital assets, but only if lawmakers close regulatory gaps instead of creating new ones. The bank is pressing for tougher safeguards on stablecoins, tokenized deposits and market integrity rules as the Clarity Act debate continues.

Anchorage Digital is rolling out a new platform to help banks issue and manage tokenized deposits on blockchain rails. The move targets round-the-clock settlement while avoiding major changes to core banking systems.