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BankChain Alliance Forms Nationwide Blockchain Network for Banks

Guavy AI Editorial Team
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Nearly forty U.S. state banking associations have formed BankChain Alliance to create a nationwide industry-owned blockchain network for banks by 2027.

The new alliance plans to support tokenized deposits, stablecoins, smart payments and automated settlement, while remaining interoperable with other blockchains.

BankChain joins existing bank-led efforts from The Clearing House, Cari and DTX Consortium, but the specifics of governance, funding, technology and individual bank commitments remain undisclosed as the alliance prepares its national rollout.

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