Anchorage Digital Launches Platform for Bank Tokenized Deposits
Anchorage Digital is introducing infrastructure that lets banks issue and manage tokenized deposits on blockchain networks. The platform is designed to add 24/7 payments and settlement while allowing banks to keep their existing core systems and customer relationships.
What happened?
Anchorage Digital is introducing infrastructure that lets banks issue and manage tokenized deposits on blockchain networks. The platform is designed to add 24/7 payments and settlement while allowing banks to keep their existing core systems and customer relationships.
Why it matters
The development matters because banks are exploring ways to make traditional bank money usable on blockchain rails while keeping deposits inside the banking system. In practical terms, Anchorage’s platform is positioned as infrastructure for faster settlement and payments in a system that still often relies on business hours and batch processing.
Anchorage Digital is rolling out a new platform to help banks issue and manage tokenized deposits, according to CoinDesk. The federally chartered crypto bank says the product is meant to let financial institutions offer round-the-clock payments and settlement using blockchain technology without replacing their core banking systems.
The development matters because banks are exploring ways to make traditional bank money usable on blockchain rails while keeping deposits inside the banking system. In practical terms, Anchorage’s platform is positioned as infrastructure for faster settlement and payments in a system that still often relies on business hours and batch processing.
The product creates a blockchain-based representation of customer deposits while the underlying funds remain in the bank’s traditional deposit accounts. Anchorage will provide blockchain infrastructure, wallet management and smart contract technology, while banks keep custody of deposits and maintain their customer relationships.
Tokenized deposits are emerging alongside stablecoins as a possible method for moving money onchain. Stablecoins such as USDC and USDT are typically issued by private companies and backed by reserves such as U.S. Treasuries, while tokenized deposits represent commercial bank deposits and remain part of the traditional banking system.
Anchorage’s launch comes as large financial institutions and crypto infrastructure companies pursue similar efforts. CoinDesk reported that major U.S. banks including JPMorgan, Citi and Bank of America plan to build a shared tokenized deposit network by the first half of 2027, while BitGo is working with ZKsync on tokenized deposit infrastructure for banks.