30 min ago2 min readA new blockchain-based banking network is being led by Kathy Kraninger, CEO of the Florida Bankers Association and a former federal regulator. (Michael Kovac/Getty Images)SummaryA new blockchain network operated by the banking industry is aiming for a 2027 launch, and 39 of the state banking associations are on board.Their "BankChain Alliance" doesn't yet have a technology partner to stand it up, the organization said.After a year of policy battles in Washington between bankers and the crypto sector, the banks' state associations have announced they intend to launch a new bank-run blockchain network to facilitate financial innovations, including smart payments, tokenized deposits and stablecoins.Thirty-nine of the state banking associations signed on to the "BankChain Alliance" with an aim to build out the blockchain by next year, they said in a Tuesday statement, describing the project as "industry-owned, industry-designed and industry-governed." It's "an unprecedented collaboration representing thousands of banks," said Kathy Kraninger, the head of the Florida Bankers Association and a former director of the Consumer Financial Protection Bureau.Kraninger, who is serving as interim chair of the project, said it'll be a secure, regulated network "that allows institutions of all sizes to provide modern capabilities so they can continue serving customers safely and efficiently in rural, urban and regional communities across the country.” The confederation of banks is still looking to hire a technology partner to build the project, which it intends to be "interoperable with other networks," according to the statement.12345678910Anvil: The Missing Collateral LayerAnvil: The Missing Collateral LayerAnvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Jul 29, 2026Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Why it matters:Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.View Full Report