This marks the first time major global banks have explicitly chosen tokenized deposits over stablecoins, revealing a strategic shift toward maintaining centralized control through blockchain technology. The specific emphasis on 'non-transferable' tokens represents an unprecedented attempt to merge digital currency with traditional banking restrictions, effectively creating a new category of controlled digital money.
JPMorgan: Global Banks Push Digital Money Control via Tokenization
📰 What Happened
JPMorgan's latest research, led by Nikolaos Panigirtzoglou, indicates global regulators are increasingly favoring tokenized bank deposits over stablecoins. The Bank of England and other central banks prefer these blockchain-based instruments that maintain traditional banking protections while offering digital functionality. These non-transferable tokens preserve 'singleness of money' through full face value settlements and include standard regulatory safeguards like capital buffers and anti-money laundering controls.
📖 Prophetic Significance
The push for 'non-transferable' tokenized deposits aligns with Revelation's warnings about centralized economic control. JPMorgan's research exposes how traditional banks are co-opting blockchain technology not for freedom, but for enhanced oversight. The emphasis on 'singleness of money' and full face value settlements reveals a system designed to eliminate alternative currencies and enforce uniform monetary control. This mirrors 2 Thessalonians 2:9-10's warning about deceptive systems that appear innovative but serve to consolidate power. The integration with 'existing financial systems' creates the infrastructure for a unified economic platform that could restrict transactions.