Major U.S. banks including JPMorgan Chase and Citigroup are planning a tokenized deposit network that could launch as early as the first half of 2027, giving bank money a faster settlement layer as stablecoins push deeper into payments and treasury management. The network is expected to support instant movement of tokenized deposits and around-the-clock settlement. It would be operated through The Clearing House, the bank-owned payments company behind major U.S. clearing infrastructure, and would be available to banks across the United States.