JPMorgan, Citi and peers target H1 2027 launch for shared tokenized deposit RSN

JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo are working via The Clearing House on a shared Regulated Settlement Network (RSN) slated for the first half of 2027. The system is designed for 24/7 atomic settlement of tokenized deposits on a common permissioned ledger, as banks position an insured, regulated alternative to private stablecoins.