US Banks Plan Tokenized Deposits, HBAR Gains Traction

Citing a Wall Street Journal report, 2Bit Crypto highlights that JPMorgan Chase, Bank of America, Citigroup and Wells Fargo are backing a new tokenized deposit network expected to launch in the first half of 2027. The system would be operated by The Clearing House, already embedded in core US banking infrastructure.

The analyst stresses the distinction between tokenized deposits and traditional stablecoins such as USDT or USDC. Stablecoins are usually issued by crypto firms and backed by reserves.

Tokenized deposits, by contrast, represent commercial bank money itself as digital tokens, enabling funds to move “blockchain style” instead of through legacy payment rails. The pitch from banks: faster, potentially 24/7 settlement, and a way to compete directly with stablecoins before corporate payments fully migrate on-chain.

While the banks have not said this infrastructure will use Hedera, the analyst insists “the choice feels like Hedera is very much top of the list,” given its long-standing focus on tokenization, compliance, and high-throughput settlement.

The YouTube video points to recent UK experiments as evidence that banks are already testing Hedera’s capabilities. At “Hedera Con 2026,” themes included tokenization, interoperability, AI and “the future of trust.”

More concretely, Lloyds Banking Group, abrdn (referred to as Aberdeen Investments) and ARCAX worked on a UK-first digital finance initiative where tokenized real-world assets were used as collateral for FX trades.

According to 2Bit's summary of the pilot, tokenized units of abrdn’s money market fund and tokenized UK gilts were issued, transferred and held by ARCAX on the Hedera Hashgraph network.

That direct naming of Hedera in a large-bank use case, 2Bit Crypto argues, shows “the bank’s already taking a very obvious look at what’s going on.”

Yet HBAR’s price action remains subdued, despite what the video calls “huge institutional headlines.” The thesis advanced is that markets routinely ignore foundational infrastructure — until they don’t, and then “suddenly reprice when you least expect it.”

Hedera, in this framing, is not a casino token but “infrastructure for trust” in a financial system now moving toward tokenized money, programmable finance and real-world assets on-chain.

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