White House · JPMorgan · Cointelegraph
US banking groups plan nationwide blockchain network for 2027
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BankChain joins a growing field of bank-led networks building shared infrastructure for tokenized deposits and onchain payments.
Key facts
- In June, The Clearing House announced an onchain money initiative supported by JPMorgan Chase, Bank of America, Citi, BNY and Wells Fargo
- Thirty-nine US state banking associations have formed the BankChain Alliance to build a nationwide, industry-owned blockchain network for banks, targeting a 2027 launch
- Regional lenders are pursuing a separate network through Cari, which was developed with Huntington, First Horizon, M&T Bank, KeyBank and Old National
- BankChain joins several US bank-led networks announced or advanced since late 2025, spanning major, regional and community lenders building shared infrastructure for moving deposits and payments
Summary
Thirty-nine US state banking associations have formed the BankChain Alliance to build a nationwide, industry-owned blockchain network for banks, targeting a 2027 launch. On Tuesday, the alliance announced that the network intends to support smart payment tools, tokenized deposits, stablecoins and automated settlement. The participating associations represent thousands of financial institutions across the US. BankChain joins several US bank-led networks announced or advanced since late 2025, spanning major, regional and community lenders building shared infrastructure for moving deposits and payments onchain within the regulated banking system.