Why Wall Street giants build tokenization money for institutions, not regular consumers
60-second summary
JPMorgan and Citi are moving billions of dollars in tokenized deposits, but restrict them to internal branches, highlighting institutional focus. A UK challenger bank plans to launch tokenized deposits for retail customers, a first for major Wall Street firms. This shift could broaden crypto adoption, pressure traditional banks, and boost tokenization market liquidity.
JPMorgan and Citi move billions in tokenized deposits, but only among their branches. A U.K. challenger bank is about to do something neither has done.