Anchorage Launches Bank Tokenized Deposit Infrastructure Platform

CoinFeed June 22 news, according to CoinDesk, federally chartered crypto bank Anchorage Digital has launched a new platform to help commercial banks issue and manage on-chain tokenized deposits without replacing their core systems, enabling 24/7 payments and settlements. The product generates tokenized representations of customer deposits on the blockchain, while the underlying funds remain in the bank's traditional deposit accounts. Anchorage provides on-chain infrastructure, wallet management, and smart contract technology, with the bank retaining customer relationships and fund custody.