US Banks Join Forces to Build a Blockchain of Their Own

The BankChain Alliance is being formed by US banks to develop a shared blockchain network aimed at expanding access to tokenized deposits and blockchain-based payments. The initiative is focused on smaller financial institutions, which would be able to use the network rather than build separate infrastructure. According to Decrypt, the alliance is targeting 2027 for the network. The project reflects efforts by participating banks to create a common platform for digital financial services while keeping the focus on institutional use. The source did not provide further details on the alliance’s members, technical design, or launch schedule beyond the 2027 target.