Anchorage to bring banks onchain with new tokenized deposit platform
2026-06-22 15:22:51
Anchorage Digital is rolling out a platform to help banks issue and manage tokenized deposits, enabling 24/7 payments and settlement on blockchain rails without replacing core banking systems. The product creates a blockchain-based representation of customer deposits while keeping underlying funds in traditional deposit accounts, with Anchorage providing blockchain infrastructure, wallet management and smart contracts, according to CoinDesk. CEO Nathan McCauley said the firm is already working with banks exploring tokenized deposits as an alternative to stablecoins such as Circle’s USDC and Tether’s USDT.
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