JPMorgan, Bank of America, Citi to start blockchain offensive with shared tokenized network
1 min readAnalysis by AlgoThesis Editorial Desk
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The story
Major US banks, including JPMorgan, Bank of America, and Citi, are reportedly planning to launch a shared tokenized network in 2025. This initiative aims to counter the competitive threat posed by stablecoins to their deposit bases by offering a regulated, blockchain-based alternative for interbank transactions.
The two-sided take
The house read
Wrong ifRegulatory hurdles or slower-than-expected adoption of the new network could limit the upside. Furthermore, a failure to effectively compete with existing stablecoin offerings would undermine the rationale.
Published read · research, not advice