Anchorage aims to bring banks onchain with new tokenized deposit platform (opens original article in a new tab)

Anchorage Digital introduces a blockchain platform allowing banks to issue tokenized deposits for 24/7 settlement without overhauling existing systems, as financial institutions seek alternatives to stablecoins.

• Anchorage Digital launches platform for banks to issue tokenized deposits on blockchain
• Platform enables 24/7 settlement without replacing core banking systems
• Banks explore tokenized deposits as alternative to stablecoins for blockchain money transfers