Four companies are currently racing to develop tokenized deposit networks. The companies include The Clearing House Payments Co., The Cari Network, The Hazel Network, and The DTX Consortium. The Clearing House and Cari Network are being developed by the big banks. The Hazel Network is trying to create more of a niche by allowing customer deposits to convert into digital tokens and then issue, transfer, and redeem them as stablecoins. The DTX Consortium is being developed with a focus on community banks. Banks stand to benefit in different ways from each of these networks. Banks should not worry that they must act around tokenized deposits tomorrow, but they should start thinking about them. Wells Fargo is ready to roll out tokenized deposits this fall. They see tokenized deposits as a blockchain-based representation of commercial bank money that will enable customers to move, program, and settle funds 24/7/365, all within banking guidelines and regulations. This episode reviewed an article from FinXtech titled “Choosing the right tokenized deposit network” and an article from S&amp;P Global (subscription required) titled “Wells Fargo to mint tokenized deposits for corporate, commercial clients in fall. A link to the FinXtech article is included below.<br><br>Link: Choosing The Right Tokenized Deposit Network - FinXTech

What are Tokenized Deposit Networks?

The Banker Next Door

How's everybody doing? Welcome back to another episode of The Banker Next Door. I'm your host, Dr. Joseph Bergquist. So today I wanted to talk about the topic of what are tokenized deposit networks. So I found this really interesting article here on FinEx Tech, and this is called Choosing the Right Tokenized Deposit Network.

Now, I did an episode on the difference between tokenized deposits and stablecoins probably maybe even like a month or so ago. But I will connect that episode. I'll put a link to that at the end of this episode if anybody wants to go check that out. But I thought that this was really fascinating because now we're not talking about tokenized deposits.

We're actually talking about the network, the deposit, the network that the tokenized deposits will run through. And there's a number of companies here that are developing different networks that are basically they're racing to see, OK, who can create the kind of dominant network, if you will, for tokenized deposits. But let's dive into this here for a few minutes. So the race to establish tokenized deposit networks is heating up as four separate bank led initiatives,

each promise to give participating institutions the ability to clear and settle transfers and payments between their customers, while also proclaiming to offer unique benefits that set them apart. The competition is unfolding despite the fact that investment in these digital assets remains pretty low. A 2026 report from Cornerstone Advisors found that just 9 percent of senior executives at banks and 5 percent at credit unions

What are Tokenized Deposit Networks?

Read the full transcript

The candid version is on a podcast,
not the earnings call.

What are Tokenized Deposit Networks?

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.