This marks the first time multiple top-tier traditional banks have simultaneously announced cryptocurrency initiatives, with JPMorgan uniquely pursuing both stablecoins and deposit tokens. The coordination between JPMorgan, Citigroup, and Bank of America through the Zelle network creates an unprecedented unified digital payment infrastructure controlled by established financial institutions.
JPMorgan & Citi Launch Digital Tokens: Mark of Beast Infrastructure
📰 What Happened
JPMorgan CEO Jamie Dimon announced on July 15, 2025, that the bank will launch both stablecoin products and proprietary deposit tokens to accelerate settlements. Citigroup confirmed similar plans on the same day, while Bank of America signaled intentions to join through the Zelle consortium. The move represents major banks' defensive strategy against fintech competition, with Dimon emphasizing they 'must engage rather than watch' as financial technology evolves.
📖 Prophetic Significance
The simultaneous move by JPMorgan, Citi, and BofA to create digital tokens represents a critical timeline marker in the development of a centralized financial control system. The integration with Zelle's existing network of 110 million users provides immediate scale. Jamie Dimon's statement about 'must engage rather than watch' signals the urgency of traditional banks to maintain control over digital transactions. This aligns with Revelation 13's warning about economic control, as these tokens enable real-time transaction monitoring and potential restrictions at unprecedented scale.