TLDR: Major U.S. banks are building tokenized deposit networks for interbank settlement and clearing. DTCC plans tokenized equity and Treasury trades before a broader platform launch in Octob
Tokenization is moving deeper into mainstream finance as major banks, asset managers, and regulators advance new blockchain-based initiatives.
Recent developments span tokenized deposits, securities settlement, stablecoin reserve funds, and tokenized equities.
The activity comes as tokenized stocks continue to record rapid growth across digital asset markets. Together, the moves highlight how traditional financial institutions are increasing their involvement in tokenized finance.
Several of the largest U.S. banks are pushing forward with tokenized payment infrastructure.
According to information shared by Ondo Finance, The Clearing House is developing a shared tokenized deposit network for interbank clearing and settlement.
Another big week for tokenized finance.
Banks built deposit networks, asset managers launched reserve funds, and regulators moved closer to a framework for tokenized stocks.
Latest tokenization news ↓
1️⃣ Major U.S. banks advance tokenized deposit network
The Clearing House… pic.twitter.com/NRs9PZWxQC
— Ondo Finance (@OndoFinance) June 21, 2026
The initiative involves major institutions including JPMorgan, Citi, Bank of America, and Wells Fargo. The proposed network aims to streamline transfers between participating banks through tokenized deposits.
Momentum is also building in securities infrastructure. The Depository Trust & Clearing Corporation, commonly known as DTCC, plans to begin limited production trades involving tokenized Russell 1000 equities, major ETFs, and U.S. Treasuries in July.
DTCC expects a broader platform launch in October. The organization stated that more than 50 firms have participated in development efforts, including BlackRock, JPMorgan, and Ondo Finance.
Asset managers are also expanding their presence in tokenized markets. According to data highlighted by Ondo Finance, State Street launched a dedicated money market fund designed for stablecoin issuers.
The fund launched with approximately $121 million in assets under management. State Street joins BlackRock, Goldman Sachs, and BNY in offering products aimed at supporting stablecoin reserve requirements.
Tokenized stocks continue to emerge as one of the fastest-growing sectors in digital assets. Data from RWA.xyz shows the market exceeded $1.5 billion in value by mid-June.
The sector has expanded more than 3,300% since January 2024. That growth has pushed tokenized equities and ETFs into a more prominent position within crypto markets.
Regulators are increasingly examining the trend. According to Reuters, the U.S. Securities and Exchange Commission is evaluating an innovation exemption that could create a modified framework for tokenized stock platforms.
The proposal faced delays after exchanges raised concerns during discussions earlier this year. Reuters reported that revisions to the framework are expected in the coming months.
At the same time, Ondo Finance continues expanding access to tokenized securities. Ondo Global Markets recently added 173 tokenized stocks and ETFs.
The expansion increased the platform’s offering to more than 430 tokenized stocks and ETFs. The assets are available across Ethereum, Solana, and BNB Chain, further broadening access to blockchain-based financial products.
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