JPMorgan's New Deposit Token Shows Banks Are Reconsidering Institutional Ledgers

  • When JPMorgan Chase, the world's largest U.S. bank, announces something new, the financial world frequently tunes in. [contact-form-7] And on Tuesday (June 17), the bank announced plans to launch a product called a “deposit token” that will serve as a digital representation of commercial bank money and will be available only to the bank's institutional clients.