US Banks Unite to Build Nationwide Blockchain Network by 2027

Thirty-nine U.S. state banking associations have joined forces to build a new nationwide blockchain network for banks, targeting a 2027 launch.

The BankChain Alliance initiative aims to bring blockchain-based financial infrastructure further inside the regulated banking system, with a focus on stablecoins, tokenized deposits and smart payments.

According to Kathy Kraninger, head of the Florida Bankers Association and interim chair of the project, the planned network is designed to be secure and regulated, allowing banks to offer modern financial capabilities while continuing to serve customers across rural, urban and regional communities.

The alliance has not yet selected a technology partner to build the network but plans for it to be interoperable with other blockchain networks, potentially connecting participating banks with broader digital-asset infrastructure.