AUSTIN, TX —The Independent Bankers Association of Texas (IBAT) today announced the creation of a groundbreaking consortium of community banks aimed at developing a tokenized deposit network. This initiative seeks to modernize banking infrastructure by leveraging blockchain technology to enhance efficiency, security and interoperability for deposit management for participating institutions. The consortium will also be engaged in building out the framework for stablecoin adoption and usage for bank participants, enhancing product offerings for the customers that they serve.

The consortium, initially, comprising forward-thinking IBAT members, will focus on creating a shared platform for tokenized deposits—digital representations of traditional bank deposits—and stablecoins, that enable fas

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