# Thirty-nine state banking associations plan their own blockchain to keep tokenized deposits inside the banking system

The BankChain Alliance is targeting a 2027 launch and has not yet chosen a technology partner, while Zerohash returns to federal regulators with a narrower application for a trust charter.

- Published: 2026-08-26T05:49:32.350Z
- Canonical: https://polylog.news/crypto/2026-08-26/thirty-nine-state-banking-associations-plan-their-own-blockc
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/policy/2026/08/25/u-s-state-banking-associations-plan-to-launch-their-own-nationwide-blockchain-network), [crypto.news](https://crypto.news/bankchain-targets-2027-u-s-blockchain-launch/), [CoinDesk (Zerohash charter)](https://www.coindesk.com/policy/2026/08/25/zerohash-back-for-second-effort-at-occ-trust-bank-charter)

Thirty-nine state bankers associations have formed the BankChain Alliance to build a shared, industry-owned blockchain that member banks could use for tokenized deposits, stablecoins, automated settlement and programmable payments, CoinDesk…

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