Thirty-nine U.S. state bankers associations have formed the BankChain Alliance to build a common blockchain network for tokenized deposits, stablecoins, smart payments and automated settlement. Targeting a 2027 launch, the alliance represents 3,283 banks with $21.8 trillion in assets according to FDIC data as of March 31. It remains in an early stage: no technology partner has been selected yet and member banks have not individually committed to the network. The board is chaired by Kathy Kraninger, CEO of the Florida Bankers Association, and the project is positioned as an alternative to initiatives led by large banks, core-technology vendors or crypto companies.
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