39 U.S. Banking Groups Launch Blockchain Network for 2027

• BankChain Alliance unites 39 state banking groups to develop shared blockchain infrastructure.
• The network will support tokenized deposits, stablecoins, smart payments and settlement.
• BankChain targets 2027 but still needs a technology partner, bank commitments and approvals.

Thirty-nine U.S. state banking associations have formed BankChain Alliance, targeting a 2027 launch for shared blockchain infrastructure. The initiative aims to bring tokenized deposits, stablecoins, smart payments, and automated settlement to banks nationwide.

BankChain Targets Industry-Owned Banking Infrastructure

BankChain Alliance is developing a common blockchain platform that participating banks can collectively own, design, and govern. The coalition said the network will support institutions of different sizes while maintaining existing banking standards, security controls, and customer protections.

The 39 associations collectively represent thousands of financial institutions serving millions of consumers, businesses, and communities. However, no individual banks have publicly confirmed commitments to join or purchase ownership interests.

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