๐จ banks are getting scared
Big banks like @jpmorgan and @Citi
are reportedly launching a tokenized network to compete with crypto -laughable-
but . .
people won't actually own their money in this system
self-custody matters to you...
this "alternative" might be something to steer clear of
๐ฆ๐ซ
#Crypto #Banking #DeFi #Finance
before crypto, i worked at some of the top firms on wall street, @GoldmanSachs and @blackstone.
and from speaking to many of my ex-colleagues on wall street, i can confidently say that big banks have never been more scared of crypto eating their lunch.
in fact, they're so scared, that jp morgan, citi and others are planning to launch their own tokenized deposit network to compete with crypto.
but if you like crypto, you won't like the banks' alternative. in fact, you'll want to steer well clear.
here's why:
- with their network, you won't own your money
if the bank fails or faces a run, you lose your tokens (just how you would with your fiat). the main beauty of crypto is that you hold your private keys so you are fully in control of your own money (no one can freeze it).
- it's a permissioned, closed network
access to their network still requires the banks' permission. unlike public blockchains, which are permissionless and let anyone participate.
- run by the banks who've been campaigning against crypto
their network will be run by The Clearing House (payments company owned by JP Morgan, Citi, BofA and other big banks). do you really think they have the consumers' best interests at heart?
- no privacy or transparency
the beauty of crypto is that you can make transactions without a middleman and no one can freeze your funds. however, every transaction on the banks' network will be subject to their oversight and must fall within their KYC / AML processes. this means governments and banks can still freeze your funds for whatever reason they want.
- designed to keep the banks in full control
they want a system that will let them keep their fees and revenue model. stablecoins threaten to pull billions in deposits away from banks - this is their last ditch attempt to stop that.
- limits defi innovation
by controlling their own permissioned blockchain, banks prevent users from using other blockchain protocols that could allow them to get higher yields etc (one of the main attractions of defi for many users).
June 2026 is packed with global engagements for the XDC ecosystem.
From Amsterdam and Geneva to New York, London, Sydney, Berlin, and Manila, @XDCNetwork representatives will be joining key conversations across fintech, trade finance, blockchain, and digital assets.
Hereโs our June event lineup. ๐
XDC Network = The way for institutional adoption with ISO compliance @MercadoBitcoin and Vert Capital are set to tokenize assets
major shift towards integration https://t.co/NwuvPjOXx2 and regulators
https://t.co/qrQBlVeSx3
#XDCNetwork#Blockchain#Tokenization
Introducing MGUSD.
MoneyGram's native U.S. dollar stablecoin.
Natively issued on @StellarOrg.
Built with @Stablecoin, @M0 and @FireblocksHQ.
Live in the U.S. today.
14 years ago, we got together with an idea to build a better way to move value. What happened next was something none of us could have built alone.
And by "us," I don't just mean the three of us.
I mean the developers, validators, businesses, community members, and everyone who helped shape XRP into what it is today.
Happy Birthday, XRP!
AI now = security
XDC Network welcomes a new institutional validator
$16 trillion RWA market
Billions in trade finance and RWAs processed annually,
XDC = powerhouse.
https://t.co/3TFFp6qlNk
#XDC#RWA#AI
XDC operates on a hybrid structure
๐คฏ "What does that mean tho?"
Public data & trx are open. .
while major institutions like T-Mobile - Deutsche Telekom
are validators securing the network ๐
watch: https://t.co/3TFFp6qlNk
#XDC#Crypto#Web3
the crypto world is shedding its tribalism.
no silos. the future is interoperable. ๐๐
showing you how the institutional bridge connects the legacy across chains
LIFTT. life is for the taking. ๐
#XRP#HBAR#Crypto#Blockchain#Interoperability
Stellar is leading the charge in national on-chain payment economies..!? starting w/ Marshall Islands' UBI rollout.
Big potential for this to go global! ๐ #XLM#DigitalCurrency
$1.0B in tokenized value on @XDCNetwork .
RWAs are leading the distribution with 71.5% share, followed by stablecoins, staking, FTP, and DeFi.
Real-world finance is moving on-chain, and the data is speaking louder.
Track it on https://t.co/ULAyGlAjuI
๐จ โXRP will be the World Bridge Currency.โ
@TedTalkMoney from @1LIFTT joined me at #Hederacon to discuss:
โจโก $XRPโจโก $HBARโจโก interoperabilityโจโก and why crypto tribalism is ending
Enjoy this energetic interview captured during #Consensus2026.
#XRPFamily#LoveYouMucho