Full-Time
Operates US core payments infrastructure
No salary listed
Liberty, NY, USA
Hybrid
Three days on-site per week required. Occasional travel may be required.
Bachelor's
See people who can refer or advise you
What The Clearing House Payments Company L.L.C. does: It operates core payments infrastructure in the United States, handling settlement and clearance of more than $2 trillion every business day across wire transfers, ACH, check image, and instant payments. It runs the RTP network, launched in 2017, which enables immediate clearing and settlement of payments and the secure exchange of related payment information on the same channel. The company is the only private-sector operator for instant payments, ACH, and wire in the U.S., handling about 98% of instant payments volume and roughly half of all commercial ACH and wire activity. Its affiliate, The Clearing House Association L.L.C., is a nonpartisan banking trade association that provides advocacy and thought leadership on payments issues.
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, New York
Founded
N/A
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Hybrid Work Options
HSBC and Standard Chartered run first live Tokenized Deposit transfer on SWIFT's blockchain ledger. Aug 21, 2026 - 00:45 HSBC and Standard Chartered executed the first live tokenized deposit transaction on SWIFT's blockchain-based ledger, the two banks said on August 19, six weeks after the network opened to an initial cohort of 17 banks. Payment messages moved between HSBC's Tokenized Deposit Service (TDS) and Standard Chartered's own tokenized deposit infrastructure, with the resulting obligations recorded on both banks' systems. SWIFT's ledger worked as an orchestration layer, matching and netting the obligations between the two institutions before final settlement ran through existing payment rails. "HSBC's interoperability transaction with Standard Chartered via SWIFT is a landmark moment for the promise of tokenised deposits," said Lewis Sun, Head of Digital Currencies at HSBC. Mark Willis, Head of Emerging Payments, Transaction Services and Digital Assets at Standard Chartered, noted that "tokenized deposits are a key pillar of Standard Chartered's digital assets strategy, which aims to build end-to-end solutions." Ledger runs on Hyperledger Besu. SWIFT says the ledger MVP is built on open-source foundations, using an Ethereum Virtual Machine-compatible architecture based on Hyperledger Besu, and that it is designed to integrate with the broader digital asset ecosystem. SWIFT operates the ledger itself, handling orchestration of transaction workflows, validation of funding commitments, and coordination of interbank processes. Consensys built the conceptual prototype when Swift announced the project in September 2025. Seventeen banks from six continents are preparing to pilot live transactions, among them ANZ, BNP Paribas, BNY, Citi, DBS, MUFG, UBS, and Wells Fargo. CryptoPotato covered that SWIFT has experimented before with moving tokenized value across public and private blockchains. HSBC has put bank money on a ledger before, joining a S$400 million digital bond issuance with SGX and Temasek that cut primary settlement from five days to two. "With our new ledger capability, we're extending the trust and stability of established finance into the frontiers of digital money," said Thierry Chilosi, Chief Business Officer at Swift. Rival network targets 2027. American banks are building a competing rail. The Clearing House is developing a tokenized deposit network called The Bridge with JPMorgan Chase, Bank of America, Citigroup and Wells Fargo, targeted at the first half of 2027 and open to all US banks. Bank of America's Mark Monaco said clients are not "beating down the door" for tokenized deposits yet. SWIFT moves the equivalent of world GDP every two to three days across more than 200 markets. The cooperative says 75% of payments on its network reach beneficiary banks within 10 minutes.
CryptoPotato 20 hours ago 132 HSBC and Standard Chartered executed the first live tokenized deposit transaction on SWIFT's blockchain-based ledger, the two banks said on August 19, six weeks after the network opened to an initial cohort of 17 banks. Payment messages moved between HSBC's Tokenized Deposit Service (TDS) and Standard Chartered's own tokenized deposit infrastructure, with the resulting obligations recorded on both banks' systems. SWIFT's ledger worked as an orchestration layer, matching and netting the obligations between the two institutions before final settlement ran through existing payment rails. "HSBC's interoperability transaction with Standard Chartered via SWIFT is a landmark moment for the promise of tokenised deposits," said Lewis Sun, Head of Digital Currencies at HSBC. Mark Willis, Head of Emerging Payments, Transaction Services and Digital Assets at Standard Chartered, noted that "tokenized deposits are a key pillar of Standard Chartered's digital assets strategy, which aims to build end-to-end solutions." Ledger runs on Hyperledger Besu. SWIFT says the ledger MVP is built on open-source foundations, using an Ethereum Virtual Machine-compatible architecture based on Hyperledger Besu, and that it is designed to integrate with the broader digital asset ecosystem. SWIFT operates the ledger itself, handling orchestration of transaction workflows, validation of funding commitments, and coordination of interbank processes. Consensys built the conceptual prototype when Swift announced the project in September 2025. Seventeen banks from six continents are preparing to pilot live transactions, among them ANZ, BNP Paribas, BNY, Citi, DBS, MUFG, UBS, and Wells Fargo. CryptoPotato covered that SWIFT has experimented before with moving tokenized value across public and private blockchains. HSBC has put bank money on a ledger before, joining a S$400 million digital bond issuance with SGX and Temasek that cut primary settlement from five days to two. "With our new ledger capability, we're extending the trust and stability of established finance into the frontiers of digital money," said Thierry Chilosi, Chief Business Officer at Swift. Rival network targets 2027. American banks are building a competing rail. The Clearing House is developing a tokenized deposit network called The Bridge with JPMorgan Chase, Bank of America, Citigroup and Wells Fargo, targeted at the first half of 2027 and open to all US banks. Bank of America's Mark Monaco said clients are not "beating down the door" for tokenized deposits yet. SWIFT moves the equivalent of world GDP every two to three days across more than 200 markets. The cooperative says 75% of payments on its network reach beneficiary banks within 10 minutes. The post HSBC and Standard Chartered run first live Tokenized Deposit transfer on SWIFT's blockchain ledger appeared first on cryptopotato. BitRss shares this Content always with License. Screenshot generated in real time with SneakPeek Suite * homepage * analysis * HSBC and Standard Chartered run first live Tokenized Deposit transfer on SWIFT's blockchain ledger.
Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street's settlement rails. CryptoWorld August 4, 2026 Wells Fargo (WFC) will offer tokenized deposits for select corporate and commercial clients later this year, starting with enabling round-the-clock U.S. dollar-to-British pound transactions on its proprietary blockchain. The bank frames round-the-clock settlement, programmable payments and parity with its existing deposit protections as future enhancements, saying the system will let clients move, program and settle funds 24/7/365 "when fully deployed." The limited initial rollout will expand to more clients, countries and currencies throughout 2027. Its system will automatically route eligible payments through tokenized deposits when doing so improves speed or flexibility, without changing how clients interact with the bank. Tokenized deposits represent conventional bank balances on a blockchain. Unlike stablecoins, they remain commercial bank money and Wells Fargo says they will carry the same regulatory protections and deposit-insurance eligibility as its existing deposit products. Future features will include conditional payments using smart contracts, according to the bank. The platform could also support in-house custodial wallets and connections to other blockchains. Wells Fargo said it can integrate with a shared tokenized-deposit network being developed by The Clearing House, according to the Wall Street Journal.
A consortium of major US banks including JPMorgan Chase, Bank of America, HSBC, Citigroup, and Wells Fargo has launched a shared network for tokenised bank deposits to counter the growing stablecoin market. The initiative, run by The Clearing House, aims to connect digital versions of money housed in commercial banks using blockchain technology. Stablecoin transaction volumes jumped 72% last year to approximately $33 trillion, according to Artemis Analytics. Bloomberg Intelligence estimates payment flows could exceed $50 trillion by 2030. The effort mirrors the banking industry's creation of Zelle over a decade ago to compete with Venmo. Zelle now processes more than $1 trillion in payments annually. The Clearing House plans to launch the tokenised deposit initiative next year, focusing initially on wholesale payments, treasury operations, and liquidity management.
Banks to settle tokenized deposits on-chain 24/7. The Clearing House will build a 24/7 system to settle tokenized bank deposits on-chain and link on-chain activity to RTP and CHIPS while keeping balances as bank liabilities. The Clearing House, owned by 25 large U.S. banks, announced on June 5 that it is developing a system to clear and settle tokenized commercial bank deposits on-chain around the clock. The system will connect blockchain-based activity to established fiat rails, including RTP and CHIPS, and keep those deposits on banks' balance sheets rather than converting them into stablecoins. The proposed network is described as supporting richer transaction data, automated workflows and programmable settlement. It would provide a controlled connectivity layer between on-chain transactions and existing payment infrastructure, allowing tokenized deposits to move between banks while preserving regulatory controls tied to bank deposit accounts. The Clearing House cited its existing DDA Token Service as a precedent. That service replaces customer account numbers with tokens and retains the ability to translate tokens back to account numbers for processing and compliance. Regulatory changes shaped the design. The GENIUS Act sets a framework for payment stablecoins, requires one-to-one reserves for permitted issuers and bars issuer-paid interest solely for holding a payment stablecoin. The act excludes deposits recorded using distributed-ledger technology from the payment stablecoin definition. The FDIC's April proposal said deposit insurance treatment does not depend on whether an insured depository institution records deposit liabilities using distributed-ledger technology, and it said deposits held as reserves backing a payment stablecoin would not be pass-through insured to stablecoin holders. The Office of the Comptroller of the Currency has proposed rules to implement the GENIUS Act for permitted and foreign payment stablecoin issuers. Market data in early June showed the stablecoin sector with roughly $296 billion in market capitalization, with two major tokens accounting for most of that figure. Research from Citi projected substantial stablecoin issuance by 2030, with a base-case forecast of $1.9 trillion and a bull-case forecast of $4.0 trillion. Citi's analysis also projected that bank-issued tokenized deposits could coexist with or outpace stablecoins in transaction volumes by 2030, citing issues such as pre-funding and fragmentation that affect institutional settlement using current stablecoins. Industry groups and regulators have flagged risks tied to stablecoin yields and incentives. Banking trade associations warned lawmakers that yield-like incentives associated with stablecoins could reduce deposit balances held in banks. The Council of Economic Advisers produced modeled estimates of potential lending impacts ranging from about $2.1 billion in a baseline scenario to as much as $531 billion under a stacked worst-case scenario. The Federal Reserve noted that stablecoins' effects on bank funding depend on where demand comes from, how issuers invest reserves and whether issuers gain access to central-bank accounts. The Clearing House's announcement left several operational questions open. The organization did not provide a launch date, specify the ledger design, publish detailed operating rules or define the extent of interoperability with public blockchains. The Clearing House described the service as enabling dollar-denominated token settlement while preserving the legal status, balance-sheet treatment and compliance controls associated with regulated bank deposits. Content on BlockPort is provided for informational purposes only and does not constitute financial guidance. Blockport Company strive to ensure the accuracy and relevance of the information Blockport Company share, but Blockport Company do not guarantee that all content is complete, error-free, or up to date. BlockPort disclaims any liability for losses, mistakes, or actions taken based on the material found on this site. Always conduct your own research before making financial decisions and consider consulting with a licensed advisor. For further details, please review its Terms of Use, Privacy Policy, and Disclaimer.