Today, 39 state bankers associations announced the formation of BankChain Alliance to
provide customers across the country secure, modern banking services at financial
institutions of all sizes.
Representing one of the most expansive efforts among state bankers associations, the
Alliance is creating an industry-owned, industry-designed and industry-governed network
built on a common blockchain platform. The BankChain Alliance network will allow
participating financial institutions the ability to provide emerging banking capabilities while
maintaining the regulatory standards, security, and trust that customers expect from their
banks. Examples of such innovations are smart payment tools, tokenized deposits,
stablecoins, automated settlement, and other innovations.
“This is about banks of all sizes building their own future,” said Kathy Kraninger, Interim
Chair, BankChain Alliance, and Florida Bankers Association President & CEO. “Through an
unprecedented collaboration representing thousands of banks, BankChain Alliance is
developing a secure, regulated, industry-built and industry-owned 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 Alliance is undergoing a rigorous process to select a technology partner and is
targeting a 2027 launch. The BankChain Alliance network will be interoperable with other
networks and will invite ownership from banks across the country.
Together, the state bankers associations represent thousands of financial institutions
serving millions of consumers, businesses, and communities nationwide. While each
association serves its own unique market, this initiative reflects a unified vision: that the
future of banking is strongest when built collaboratively, governed by industry, and
accessible to all institutions.“Our member banks have always embraced innovation while maintaining the trust their
communities depend on,” Kraninger said.
“Participating in this initiative allows us to help
shape emerging technologies in a way that reflects the needs of all banks and the
customers and communities they serve.”
Participating State Bankers Associations Include:
Alabama Bankers Association Arkansas Bankers Association Connecticut Bankers Association Delaware Bankers Association Florida Bankers Association Georgia Bankers Association Hawaii Bankers Association Idaho Bankers Association Indiana Bankers Association Iowa Bankers Association Kansas Bankers Association Maine Bankers Association Maryland Bankers Association Massachusetts Bankers Association Michigan Bankers Association Minnesota Bankers Association Mississippi Bankers Association Missouri Bankers Association Nebraska Bankers Association Nevada Bankers Association
New Hampshire Bankers Association
New Jersey Bankers Association
North Carolina Bankers Association
North Dakota Bankers Association
Ohio Bankers League
Oklahoma Bankers Association
Oregon Bankers Association
Pennsylvania Bankers Association
Rhode Island Bankers Association
South Carolina Bankers Association
South Dakota Bankers Association
Tennessee Bankers Association
Texas Bankers Association
Utah Bankers Association
Vermont Bankers Association
Virginia Bankers Association
Washington Bankers Association
Wisconsin Bankers Association
Wyoming Bankers Association
Media Contacts:
Florida Bankers Association
Suellen Wilkins, Director of Marketing & Communications
swilkins@floridabankers.com
BankChain Alliance
Barbara Hagenbaugh
barbara@willowoakcommunications.com
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