US banks eye own blockchain as tokenized deposits pose threat

Homepage > News > Business > US banks eye own blockchain as tokenized deposits pose threat U.S. banks could face a new threat to their lending capacity from tokenized deposits, so banks are looking to get with the program by launching their own blockchain. Federal Reserve warning re tokenized deposits’ threat to bank lending BankChain Alliance plots bespoke blockchain Former SEC director: ‘Reg Crypto’ rules won’t survive court challenge Fed study on crypto ownership undercuts industry claims The winning message for Bitcoin is Bitcoin is winning Americans really don’t want crypto in their retirement accounts While banks continue to push for changes to the stablecoin language in the Senate’s digital asset market structure legislation (the CLARITY Act) that they claim would reduce their ability to issue new loans, a new report by the Federal Reserve Bank of Dallas says tokenized deposits could pose similar risks. That report, Tokenized deposits could affect bank liquidity, maturity transformation, argues that “stablecoins and tokenized deposits differ in important ways that could pose meaningful consequences for the banking sector.” While banks have been far more welcoming of...