Anchorage Digital, a federally chartered crypto bank, is introducing new infrastructure enabling banks to issue tokenized deposits, joining an expanding trend among financial institutions to leverage blockchain for traditional banking.
The platform will allow banks to provide 24/7 payment and settlement services via blockchain, integrating with their existing core systems without replacement.
“Many of the banks we’re working with are exploring tokenized deposits and how to implement them,” said Anchorage Digital CEO Nathan McCauley in an interview with CoinDesk.
The solution operates by creating a blockchain-based representation of deposits while retaining physical funds in traditional bank accounts. Anchorage will manage blockchain infrastructure, wallet systems, and smart contracts, while banks retain custody and customer relationships.
This development aligns with banks’ growing need for real-time financial services in a system still reliant on scheduled processing and limited operational hours.
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