US banking groups plan to launch nationwide blockchain network in 2027

cryptonews.ruPubblicato 2026-08-26Pubblicato ultima volta 2026-08-26

Introduzione

A group of 39 U.S. state banking associations has formed the BankChain alliance to build a nationwide, bank-owned blockchain network scheduled to launch in 2027. The network will support smart payments, tokenized deposits, stablecoins, and automated settlements, with plans for interoperability with other blockchains. The alliance invites banks across the country to take an equity stake, though specific participants and funding details were not disclosed. BankChain joins several U.S. banking initiatives announced since late 2025, aiming to create shared infrastructure for moving deposits and enabling on-chain payments within the regulated banking system. Other projects include The Clearing House's initiative backed by major banks like JPMorgan Chase and Bank of America for settling tokenized deposits, a separate network by regional lenders through Cari, and a consortium for local banks via the Texas Independent Bankers Association. In parallel, stablecoin developers are also adopting consortium models, such as the Open USD project, which involves over 140 companies and plans to launch in 2026.

Thirty-nine US state banking associations have formed the BankChain alliance to build a nationwide blockchain network owned by the banking industry, with a launch planned for 2027.

On Tuesday, the alliance announced that the network will support smart payment tools, tokenized deposits, stablecoins, and automated settlements. BankChain stated that it plans to ensure the network's compatibility with other blockchains and is currently selecting a technology partner.

The participating associations represent thousands of financial institutions across the United States. BankChain stated that it will invite banks nationwide to take equity participation in the project. The announcement did not mention individual banks that have confirmed their intention to join, nor did it disclose how the network will be managed and funded.

BankChain joins several networks that US banks have announced or begun developing since late 2025. These projects involve large, regional, and local lenders building shared infrastructure to move deposits and conduct on-chain payments within the regulated banking system.

Cointelegraph reached out to BankChain for additional information but did not receive a response by the time of publication.

US banks building shared on-chain networks for payments

In June, The Clearing House announced an on-chain money initiative supported by JPMorgan Chase, Bank of America, Citi, BNY, and Wells Fargo. The proposed network will clear and settle tokenized deposits between banks and link blockchain activity to the organization's existing payment systems.

Unlike independently issued stablecoins, tokenized deposits are claims on individual banks, retaining their status as commercial bank money. This structure allows banks to offer programmable transfers 24/7 while keeping client funds on their balance sheets.

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Regional lenders are developing a separate network through Cari, created with the participation of Huntington, First Horizon, M&T Bank, KeyBank, and Old National. In March, Cari launched a minimum viable product, and by July, over 30 banks had joined the project.

Local banks have also formed the DTX consortium through the Independent Bankers Association of Texas. IBAT reported in June that participants numbered over 50 banks, with the group preparing for a pilot project involving tokenized deposits.

Stablecoin developers are also moving towards consortium models. In June, Open Standard mentioned over 140 payment, banking, technology, and cryptocurrency companies in connection with Open USD—a US dollar-backed stablecoin expected to launch later in 2026.

The project plans to offer companies free token issuance and redemption, directing reserve earnings to participating companies.

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Domande pertinenti

QWhat is the BankChain alliance and what is its main goal?

AThe BankChain alliance is a group of 39 state banking associations in the U.S. Its main goal is to build a nationwide, bank-owned blockchain network, with a planned launch in 2027.

QWhat financial functionalities is the planned BankChain network expected to support?

AThe BankChain network is expected to support tools for smart payments, tokenized deposits, stablecoins, and automated settlements.

QWhat is the key difference between tokenized deposits and stablecoins as mentioned in the article?

ATokenized deposits are claims against individual banks, maintaining their status as commercial bank money, while stablecoins are typically issued independently.

QBesides the national BankChain initiative, what other examples of U.S. bank-led on-chain networks are mentioned?

AOther examples mentioned are: The Clearing House's initiative supported by JPMorgan Chase, Bank of America, Citi, BNY, and Wells Fargo; the Cari network for regional lenders; and the DTX consortium for community banks created by the Independent Bankers Association of Texas (IBAT).

QWhat approach does the Open USD stablecoin project plan to use for issuing tokens and distributing revenue?

AThe Open USD project plans to offer companies free token issuance and redemption, while directing revenue from reserves to the participating companies.

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