Thirty-nine US banking associations formed BankChain Alliance to develop a network for tokenized deposits, stablecoins and settlement by 2027.

The "BankChain Alliance" is aiming for a 2027 launch, and would foster stablecoins, payments and tokenized deposits inside the banking system's regulatory sphere.

Thirty-nine US state banking associations unveiled the BankChain Alliance, a permissioned blockchain network offering tokenized deposits and