BankChain Alliance Targets 2027 Launch for US Bank Blockchain Network
Thirty-nine state banking associations have formed BankChain Alliance, but its technology, bank participants and operating model remain unsettled.
Thirty-nine state banking associations have formed BankChain Alliance, but its technology, bank participants and operating model remain unsettled.
The banks used Swift’s blockchain ledger to coordinate tokenized-deposit obligations before final settlement through existing payment systems.
MUFG companies are testing onchain JGB repo settlement on Canton, with tokenized deposits or stablecoins among the digital-money options under review.
Project Hangang’s second phase could restart real-value testing in September with nine banks, P2P transfers and programmable government payments.
Swift says its shared ledger is ready for initial use, with 17 banks preparing live pilots of 24/7 cross-border payments using tokenized deposits.
JPMorgan expanded Kinexys Blockchain Deposit Accounts to eight currencies, extending its bank-deposit settlement network across five Asia-Pacific markets.