Anchorage launches tokenised deposit platform

• Anchorage Digital launched a platform that allows banks to issue and manage tokenised deposits on blockchain networks.
• The platform aims to support round-the-clock payments and settlement while keeping customer funds within traditional bank accounts.
• Anchorage said the system is designed to help banks adopt blockchain technology without replacing existing core banking infrastructure.

Anchorage Digital launched a tokenised deposit platform that enables banks to issue blockchain-based representations of customer deposits while keeping the underlying funds in traditional accounts.

The launch comes as banks increasingly explore blockchain-based payments and settlement systems to reduce reliance on business-hour processing and batch settlement.

“Many of the banks that we're starting to work with are thinking about tokenised deposits, and how do we start to do them,” said Anchorage Digital CEO Nathan McCauley.

The platform provides blockchain infrastructure, wallet management and smart contract technology, while participating banks retain customer relationships and custody of deposits.

Anchorage said its platform operates alongside existing banking systems rather than requiring institutions to replace core infrastructure, and following the announcement the Anchorage Digital share price was unavailable.

Tokenised deposits differ from stablecoins such as USD Coin (CRYPTO:USDC) and Tether (CRYPTO:USDT) because they represent commercial bank deposits that remain within the traditional banking system.

The launch follows broader industry efforts to bring banks onchain, including plans by JPMorgan, Citi and Bank of America to develop a shared tokenised deposit network by the first half of 2027, while BitGo is also building tokenised deposit infrastructure with ZKsync.