TOKENIZED DEPOSITS · ATOMIC SETTLEMENT
Tokenized Deposit Infrastructure for Institutions
Tokenized deposits and atomic settlement for banks and institutions. Money stays on the balance sheet.
A bank deposit, represented on-chain. The deposit never leaves the bank; only its claim moves.
Settles against
Settlement
Backed 1:1
Every token is backed one for one by a real deposit locked at the bank. The deposit stays on the bank's balance sheet; only its on-chain claim moves.
Atomic settlement
The cash and the asset change hands together in seconds: atomic DvP. Either the whole trade completes or none of it does, so neither side is ever left exposed.
Use it across markets
The same token is the cash leg across markets: settle tokenized securities, move in and out of funds, or pay another institution, around the clock with no settlement window.
A new revenue line on the deposits you already hold.
Earn fees on every issuance, settlement, and redemption, with no new capital and no new credit risk. The deposit, the customer, and the regulatory perimeter stay with you.
Tokenized deposits are already
live across banks of all sizes.
Largest banks
JPMorgan runs a bank-issued USD deposit token (Kinexys / JPMD), live on public networks.
HSBC piloted its Tokenised Deposit Service settling atomically on a public blockchain.
Citi operates Citi Token Services for 24/7 multi-currency tokenized deposits.
Regional & mid-tier banks
A network of five US regional banks (KeyBank, Huntington, First Horizon, M&T, Old National) is piloting a shared tokenized deposit network.
The Texas Bankers Association is opening structured access to tokenized deposits for community and regional banks.
Central banks
Bank of England names tokenised deposits in its design for a multi-money settlement system.
BIS Project Agorá brings seven central banks and around 40 institutions to join tokenized deposits with tokenized central bank money.
HKMA Ensemble has banks using tokenized deposits for money market fund transactions.
MAS Project Guardian runs industry work on tokenized bank liabilities for FX settlement.
Regulators
The FDIC has signaled that insured banks can pursue tokenized deposits within existing rules.
The GENIUS Act sets a US federal framework for regulated digital money.
