Banks' interest in tokenized deposits grew in second quarter

# Banks' interest in tokenized deposits grew in second quarter

> Evidence tier: B1
> Evidence type: Independent payments-trade analysis based on American Banker research and bank disclosures
> Source: [American Banker — Payments Intelligence](https://www.americanbanker.com/payments/news/banks-interest-in-tokenized-deposits-grew-in-second-quarter)
> Published: 2026-08-13
> Captured: 2026-08-13T17:39:41.983Z

## Source summary

American Banker's review of the 50 largest U.S. banks found that 24 had tokenized deposits on their radar in the first quarter, up from 19 a quarter earlier; seven were piloting or testing them and four had active products. The report says Wells Fargo plans to let corporate clients move U.S. dollars and British pounds through tokenized deposits for cross-border payments, with expansion to more clients, countries and currencies planned.

## Why it matters

Tokenized deposits keep the claim inside a regulated bank while adding programmable and potentially always-on settlement. The cross-border test is whether banks can reduce cut-off times and prefunding without fragmenting liquidity by issuer. The counts show project activity, not transaction adoption; the report does not provide volumes, corridor pricing or measured settlement improvements.

## Key numbers

- **Top-50 U.S. banks with tokenized deposits on their radar:** 24 (from 19)
- **Banks piloting or testing tokenized deposits:** 7
- **Banks with active tokenized-deposit products:** 4

## Topics and entities

- Industry lane: Web3 & stablecoin payments
- Entities: U.S. banks / Citi / Wells Fargo
- Web3 payments
- Cross-border payments
- Payment infrastructure

## Evidence and credibility note

Independent American Banker analysis based on its bank-project index and attributed bank disclosures. Project counts and announced plans are supported; transaction adoption, pricing and operating outcomes are not disclosed.

Date evidence: Automatically verified from article:published_time: 2026-08-13T10:45:00

## First-party corroboration

No directly corresponding A1 company announcement is currently linked.

## Original-source traceback

[Open the original American Banker — Payments Intelligence report](https://www.americanbanker.com/payments/news/banks-interest-in-tokenized-deposits-grew-in-second-quarter)

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This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.