# Bank Ledgers Compete With Public Settlement Rails

Large banks keep building permissioned tokenized-deposit networks to defend corporate settlement flows from public-chain stablecoins, producing two parallel settlement systems that compete on cost and reach rather than converging.

- Conviction: 40 / 100 (forming)
- Horizon: Emerging (watchlist)
- Tracking since: 2026-08-05T00:00:00.000Z
- Last updated: 2026-08-05T05:44:57.010Z
- Canonical: https://polylog.news/crypto/trends/bank-private-chains-vs-public-rails
- Publisher: Polylog