The crypto bank's new offering enables financial institutions to facilitate continuous payments and settlements without overhauling their core systems.
By Krisztian Sandor|Edited by Cheyenne LigonUpdated Jun 22, 2026, 3:18 p.m. Published Jun 22, 2026, 3:00 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Anchorage Digital CEO Nathan McCauley at Consensus (CoinDesk)SummaryShow- Anchorage Digital is enabling banks to create and manage tokenized deposits via its latest platform.
- This platform aims to provide 24/7 payment capabilities without necessitating changes to core banking systems.
- The initiative arrives as banks consider tokenized deposits as alternatives to stablecoins for blockchain transactions.
Anchorage Digital, a federally chartered cryptocurrency bank, is launching a platform that allows banks to create tokenized deposits, part of a broader trend among financial institutions to integrate traditional banking with blockchain technology.
The company announced on Monday that its new offering will support banks in providing around-the-clock payment and settlement services using blockchain, all while preserving their current banking systems.
"Many banks we are collaborating with are exploring the idea of tokenized deposits and how to implement them," stated Anchorage Digital CEO Nathan McCauley in a discussion with CoinDesk.
This product functions by forming a blockchain-based representation of customer deposits, while the actual funds remain in the bank's conventional deposit accounts. Anchorage will deliver the necessary blockchain infrastructure, manage wallets, and handle smart contract technology, while banks will retain control over customer relationships and custody of deposits.
This development aligns with banks' increasing demand for faster payment and settlement options in a financial landscape that predominantly relies on traditional business hours and batch processing.
There is an ongoing discussion in financial markets regarding whether stablecoins or tokenized deposits will emerge as the favored method for transferring funds on blockchain platforms. Stablecoins, like USDC from Circle and USDT from Tether, are typically issued by private entities and backed by reserves in U.S. Treasuries.
In contrast, tokenized deposits represent digital forms of commercial bank deposits that stay within the traditional banking framework.
Major U.S. banks, including JPMorgan, Citi, and Bank of America, are planning to establish a shared network for tokenized deposits by mid-2027. Blockchain infrastructure company BitGo (BTGO) is collaborating with ZKsync to develop the necessary infrastructure for banks to go onchain.
Anchorage clarified that its platform functions as an additional layer beside existing banking systems, rather than requiring a complete transition to new systems, which can be lengthy and fraught with operational challenges.
Read more: America’s largest banks are building a new digital currency network to stop a massive deposit drain
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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