BankChain Alliance signs up 39 banking groups
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- BankChain Alliance has 39 state banking associations backing a new US blockchain network.
- The network is targeting a 2027 launch but still needs a technology partner.
- The project would support stablecoins, payments and tokenised deposits within regulated banking.
BankChain Alliance has 39 state banking associations backing a new blockchain network planned for 2027.
The banking groups want the network to support payments, tokenised deposits and stablecoins within regulated banking.
“It’s a secure, regulated network that allows institutions of all sizes to provide modern capabilities,” said Kathy Kraninger, interim chair of the project.
BankChain Alliance is still seeking a technology partner to build the network and make it work with other networks.
The project is described as industry-owned, industry-designed and industry-governed, with the launch targeted for 2027.
The initiative follows growing bank interest in blockchain tools, including Swift's planned testing of tokenised asset transactions with 17 banks.
The project also comes after banking groups sought changes to rules linked to the GENIUS Act governing stablecoin issuers.