Lead · Asset Types

What Is a Tokenized Bank Deposit? How It Differs From Stablecoins and CBDCs

Tokenized deposits, stablecoins, and CBDCs may look technically similar, but the legal claim structure behind each determines how much of your money you'd actually get back if something went wrong.

Nathan Ford · August 29, 2026

In June 2026, reports emerged that major US banks including JPMorgan Chase, Bank of America, and Citigroup plan to launch a shared Tokenized Deposit network through The Clearing House by the first half of 2027. Behind this news sits banking's direct response to the rise of stablecoins — but because both "tokenized deposits" and "stablecoins" advertise fast, programmable onchain dollar...

Asset Types

Tokenized Art: Why Maecenas's Trading Volume Hit Zero While Masterworks Is Still Standing

Splitting a painting into ten thousand pieces doesn't create ten thousand...

Asset Types

The Most Important Step in Tokenized Carbon Credits Happens Before the Chain

The blockchain doesn't prevent double counting. The registry's irrevocable...

Asset Types

Tokenized Gold: How PAXG and XAUT Differ, and Whether You Actually Own the Bar

The peg on tokenized gold does not hold because you can redeem — it holds...