Anchorage Digital launches a tokenized deposit platform to help banks achieve on-chain settlement

According to CoinDesk, Anchorage Digital, a federally chartered crypto bank in the United States, announced the launch of a new platform to help banks issue and manage tokenized deposits.

The platform provides banks with round-the-clock payment and settlement services through blockchain technology, without the need to replace existing core systems. The platform operates in a parallel layer, with Anchorage responsible for blockchain infrastructure, wallet management, and smart contract technology, while banks continue to maintain customer relationships and deposit custody.

Currently, several large banks, including JPMorgan Chase, Citigroup, and Bank of America, also plan to jointly establish a tokenized deposit network in the first half of 2027.