Bankers Associations From 39 US States Are Building an Industry-Owned Blockchain Network

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State-level bankers associations across 39 states have combined to create a blockchain network owned by the industry rather than by a vendor or a consortium of the largest banks. The structure is the news: it positions mid-size and community banks to run shared settlement infrastructure without renting it from a fintech. No launch date, technology stack, or funding figure has been disclosed, which is the main reason to keep this filed as an announcement rather than a system.