BankChain targets 2027 U.S. blockchain launch

Thirty-nine U.S. state banking associations announced the formation of BankChain Alliance on Aug. 25, with plans to launch an industry-owned blockchain network during 2027. Summary Thirty-nine state banking associations formed BankChain Alliance to develop a nationwide blockchain network for banks. BankChain targets a 2027 launch but has not selected or publicly identified its technology partner. The proposed network would support tokenized deposits, stablecoins, programmable payments and automated financial settlement services. Participating associations represent thousands of institutions, though no individual banks have publicly committed to ownership. The Clearing House separately plans tokenized deposit settlement linked with existing RTP and CHIPS networks. The proposed network will support tokenized deposits, stablecoins, smart payment tools and automated settlement, according to the alliance’s official announcement. 💥🇺🇸BREAKING: 39 US state banking associations just launched their own blockchain network. Called BankChain Alliance.Targeting a 2027 launch.Here's what it's actually built to do:Regulated stablecoins. Tokenized deposits. Smart payments. Not a vague crypto pivot,...