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US banking groups plan nationwide blockchain network for 2027
US banking groups plan to create a nationwide blockchain network scheduled for 2027. BankChain is noted as joining the field of bank-led networks that are constructing shared infrastructure for various financial purposes, including tokenized deposits and onchain payments.
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Adjacent reporting
- JPMorgan, Citi-backed Clearing House plans tokenized deposit network in 2027: WSJ
- JPMorgan, Citi-backed consortium plans to launch tokenized deposit network in early 2027: WSJ
- JPMorgan, Bank of America, Citi to start blockchain offensive with shared tokenized network
- Robinhood and Bitstamp say banks are ready to build on-chain
- Wall Street will run entirely on the blockchain by 2030, says Brickken CEO