bankchain

US state banking associations reveal the BankChain Alliance, a nationwide blockchain network slated for a 2027 launch. The initiative aims to streamline payments, foster stablecoins, and tokenize deposits within the banking system's regulatory framework. If it gains traction, it could bring digital rails like $USDC into mainstream finance and reshape how banks interact with crypto. #BankChain #Stablecoins #Blockchain

From political warfare to code
US banks join forces in the 'BankChain Alliance' to launch their own blockchain network

A banking offensive on crypto ground

A total of 39 US state banking associations have formalized the "#BankChain Alliance", an unprecedented coalition to develop a blockchain network "owned by the industry, designed by the industry, and managed by the industry".

Roadmap and services: Scheduled to debut next year, the infrastructure will enable tokenized deposits, smart payments, and the issuance of stablecoins tailored to institutions of all sizes.

Institutional leadership: The alliance is provisionally led by Kathy Kraninger (former director of the CFPB) and is currently seeking a technology partner to ensure the network is secure, regulated, and interoperable with other ecosystems.

Invasion of a rival’s turf: The move represents a pragmatic shift: although blockchain was born to bypass traditional banking, financial institutions are accelerating the adoption of its key tools to avoid being displaced.

The #Swift precedent: The alliance coincides with Swift’s tests alongside 17 banking giants (including Citi, BNY, and Wells Fargo) to process live transactions with tokenized digital assets.
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💰 BankChain, the project launched by 39 U.S. banking associations, brings together 3,283 banks that are taking on the crypto sector with tokenized deposits and their own stablecoins. Its goal is to impose its model and retain up to 6.6 trillion in deposits.

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#BankChain
group banking from the USA plan a national Red blockchain for 2027!! big things are coming
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👉🏻 BankChain Alliance and Canton Network talk about open networks, but their rules say something else: only identified and approved participants are allowed in. The banking sector doesn’t want decentralization; it wants to stop depending on a single external infrastructure provider.

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"Price only tells half the story. The other half is about how this progress is being funded." Bitcoin brushed $80,000🔥 after strongly rebounding from July. Unlike other rallies, the data shows a cleaner base, with lower leverage and a significant return of institutional interest in ETFs.

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🎥 💻 The 2.5.4 version of the bitcoin wallet Sparrow was released. The update includes security patches and technical improvements.

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🚨 39 US BANKS ALLY TO LAUNCH TOKENIZED INFRASTRUCTURE FOR $ETH AND ASSETS! 🏦

Thirty-nine US banking associations representing thousands of lenders just launched BankChain Alliance to build an industry-wide ledger for tokenized deposits and stablecoins by 2027. 🌊 Meanwhile, legacy giants like Citi and Wells Fargo are already running live trials on Swift's blockchain rails.

The institutional tide isn't coming anymore, it is actively taking over the settlement layer. 💡 As traditional finance races to capture yield and speed up capital velocity, public networks bridging this institutional liquidity will see massive long-term demand. 📊

💬 Will traditional bank stablecoins cannibalize existing crypto liquidity or catalyze the largest retail influx we have ever seen? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #ETH #BankChain #Tokenization #RWA #Crypto

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A group of US banks is planning to roll out a nationwide blockchain network in 2027

• BankChain - a blockchain network developed by groups of US banks
• Build shared infrastructure for tokenized deposits and on-chain payments
• Part of the trend of an increasing number of bank-led networks building shared infrastructure
• Expected to be deployed nationwide in 2027

*The RSS source has not provided any further details about specific partners or the technical mechanisms of the network.*

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Source: CoinTelegraph