Svmuu News: Crypto bank Anchorage Digital launched a new infrastructure platform on Monday to help banks issue and manage tokenized deposits. The platform is designed to help financial institutions leverage blockchain technology to provide 24/7 payment and settlement services without having to replace their existing core banking systems. Nathan McCauley, CEO of Anchorage Digital, said the product creates blockchain-based customer deposit representations while keeping the underlying funds in the bank’s traditional deposit accounts. Anchorage Digital provides the blockchain infrastructure, wallet management, and smart contract technology, while the bank continues to maintain customer relationships and hold the deposits.This initiative aims to provide banks with faster payment and settlement methods. Currently, major banks—including JPMorgan Chase, Citibank, and Bank of America—are planning to establish a shared tokenized deposit network by the first half of 2027. (CoinDesk)