US Banking Groups Plan Nationwide Blockchain Network for 2027
- On Tuesday, 39 state banking associations announced the 'BankChain Alliance,' aiming to build a nationwide, industry-owned blockchain network by 2027 for tokenized deposits, smart payments, and automated settlements.
- Kathy Kraninger, interim chair of the project and former director of the Consumer Financial Protection Bureau, described it as 'an unprecedented collaboration representing thousands of banks' designed for institutions of all sizes.
- Described by the associations as 'industry-owned, industry-designed and industry-governed,' the project is currently seeking a technology partner to ensure the blockchain remains 'interoperable with other networks.'
- BankChain joins several bank-led networks announced since late 2025, including Swift, which recently tested tokenized digital assets with 17 banks, and the 50-bank IBAT group preparing a tokenized-deposit pilot.
- Stablecoin developers are also pursuing consortium models, with Open Standard naming more than 140 companies for its Open USD stablecoin expected to launch later in 2026.
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39-State BankChain Alliance Plans U.S. Banking Blockchain
Thirty-nine U.S. state bankers associations have formed the BankChain Alliance, an initiative aimed at developing a nationwide permissioned blockchain network for community banks, with a planned launch targeted for 2027. Led by the Texas Bankers Association, the consortium intends to create blockchain infrastructure that participating banks would own, operate and govern. Kathy Kraninger, president and CEO of the Florida Bankers Association, is s…
In the U.S., 39 banking associations are preparing a crypto blockchain network dedicated to stablecoins and tokenized deposits. Details! Read more Crypto: US banks want to build their own blockchain network first appeared on Cointribune.
US Banking Groups Plan Nationwide Blockchain for 2027
Key Takeaways Initial rollout is targeted for 2027. Vendor selection is still under way. No participating banks have been named. Initial products still require clear legal terms. The official announcement lists smart payments, tokenized deposits, stablecoins and automated settlement as possible services. BankChain describes the planned system as industry-owned, industry-designed and industry-governed. The proposal includes connections with othe…
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