Anchorage Digital launched an infrastructure platform on Monday to help banks issue and manage tokenized deposits without overhauling their core banking systems. CEO Nathan McCauley said the setup creates blockchain-based representations of customer deposits while the underlying funds remain in traditional deposit accounts, a structure aimed at enabling around-the-clock payments and settlement. The move comes as major banks including JPMorgan, Citibank and Bank of America plan a shared tokenized deposit network by the first half of 2027.