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Banks Unite to Build BankChain | Bitcoin and Crypto News
Description
Thirty-nine state banking associations are launching the BankChain Alliance, a new blockchain network set for 2027 to revolutionize banking with tokenized deposits and automated onchain payments—while staying compliant and interoperable. Amid a surge of bank-led blockchain initiatives—including JPMorgan’s, Bank of America’s, and regional consortiums like Cari and DTX—this move signals a major shift toward digital finance. Tokenized deposits let banks securely move customer funds 24/7 on-chain without leaving their books, blending innovation with regulation. Though leadership and funding details are still being hashed out, the alliance aims to invite nationwide participation and select a tech partner to build the backbone of this next-gen financial infrastructure.
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