Leaders in Bank Tokenization (75%+ Relevance)
J.P. Morgan
USKinexys platform (formerly Onyx) with JPM Coin for institutional payments. Enables 24/7 cross-border...
Citi
USIntegrated tokenized deposits with Citi's cash management infrastructure. Instant settlement between...
Other Banks Exploring Tokenization
Morgan Stanley
USExploring digital assets and tokenization through research and market analysis. Active in thought le...
UniCredit
ItalyPart of consortium of major European banks working to launch a euro-denominated stablecoin for insti...
HSBC
UKProprietary DLT deposit tokens for FI clients. Plans to expand to corporate clients. Exploring AI in...
ANZ
AustraliaANZ launched A$DC, an Australian dollar stablecoin for institutional clients. First Australian bank ...
Societe Generale
FranceSociete Generale-FORGE launched EUR CoinVertible, an institutional euro-denominated stablecoin compl...
Standard Chartered
UKFocus on Asian corridor payments. Digital Asset Custodian services. Participating in Hong Kong's Pro...
BBVA
SpainInnovation-focused approach to digital assets. Active in European and Latin American corridor discus...
Deutsche Bank
GermanyActive in industry pilots and research initiatives for tokenized deposits. Participating in consorti...
What is Bank Tokenization?
Bank tokenization represents a fundamental shift in how financial institutions handle deposits and payments. By converting traditional bank deposits into digital tokens on blockchain or distributed ledger technology (DLT), banks can enable 24/7 real-time settlement, programmable money, and seamless cross-border transactions.
Leading institutions like J.P. Morgan with Kinexys (JPM Coin) and Citi Token Services are already processing billions in tokenized transactions. Other major banks including HSBC, ANZ, Standard Chartered, and Societe Generale are rapidly developing their own tokenized deposit and bank-issued stablecoin platforms.
TokeNews monitors these developments daily, tracking deposit tokens, institutional stablecoins, CBDC initiatives, and real-world asset (RWA) tokenization programs from major global banks. Our AI-powered crawler extracts data directly from official bank sources to ensure accuracy and timeliness.
Frequently Asked Questions About Bank Tokenization
What is bank tokenization?
Bank tokenization is the process of representing traditional bank deposits, currencies, or assets as digital tokens on a blockchain or distributed ledger. Major banks like J.P. Morgan and Citi are developing tokenized deposit systems for faster, programmable payments that operate 24/7.
Which banks offer tokenized deposits?
Leading banks with tokenized deposit offerings include J.P. Morgan (Kinexys/JPM Coin), Citi (Citi Token Services), HSBC, ANZ (A$DC stablecoin), and Societe Generale (EUR CoinVertible). These platforms enable 24/7 instant settlement for institutional clients.
What is the difference between stablecoins and tokenized deposits?
Tokenized deposits represent actual bank deposits on blockchain, fully regulated and backed 1:1 by the issuing bank. Stablecoins are separate digital currencies pegged to fiat, which may be issued by non-bank entities. Bank-issued stablecoins like ANZ's A$DC combine both concepts under bank regulation.
What is JPM Coin (Kinexys)?
JPM Coin, now part of J.P. Morgan's Kinexys platform (formerly Onyx), is a permissioned blockchain-based deposit token for institutional payments. It enables 24/7 cross-border payments, intraday repo transactions, and programmable payments via smart contracts for wholesale banking clients.
How often is TokeNews updated?
TokeNews monitors official bank sources and updates automatically every 6 hours. Data is crawled directly from bank websites using AI-powered extraction to ensure accuracy and timeliness of bank tokenization initiative information.
Need Deeper Insights?
This public page shows curated highlights. The full Bank Tokenization Monitor tool offers:
- Real-time web crawling of official bank sources
- AI-powered extraction of structured offering data
- Customizable relevance thresholds and filters
- Full database with historical tracking
- Custom bank configurations for your needs
- API access for integration
- Priority support and customization