The main obstacle to tokenised deposits scaling is lack of interoperability between the tokenised deposits of individual banks. Banks are also coming to appreciate the costs and complexities of building the internal systems and procedures to support tokenised deposits. In the long run, tokenised deposits will outperform Stablelecoins in terms of both stocks and flows. Tokenised deposits are also better placed than Stablecoins to deliver the most valuable promise of tokenised

J.P. Morgan is pioneering the use of tokenised deposits to make payments between banks J.P. Morgan blockchain unit is issuing its tokenised deposit on Canton Network, the second public blockchain it is using after Base The native issue of the JPMD tokenised deposit on to Canton Network will take place in phases through 2026 Tokenised deposits, hitherto trapped within banks, are starting to become available for inter-bank payments through native issuance on public networks. Ki

The digital payments arm of Ant Group, operator of the Alipay mobile payments platform, has integrated Kinexys Digital Payments into its treasury platform Ant Financial and Kinexys parent J.P. Morgan say the integration offers Ant Financial the ability to make payments in three major currencies 24/7 The cross-currency payment capability operates outside normal banking hours but remains within the J.P. Morgan private permissioned blockchain network Ant International, the Sing