Texas Bankers Association supports launch of industry-owned blockchain network
Banks of all sizes to be able to safely offer modern payments services, preserving local lending in communities across the country .
(AUSTIN) – Today, the Texas Bankers Association and 38 state bankers associations from across America announced the formation of BankChain Alliance to provide customers 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.
“Texas bankers are proud to have helped lead the formation of BankChain Alliance and especially proud that this incredible national effort is registered in the State of Texas,” said Chris Furlow, president and CEO of the Texas Bankers Association. “By bringing so many state bankers associations together, the Alliance uniquely creates a powerful network effect, giving Texas community banks and Main Street banks across the country a practical path to participate in new financial technologies while keeping the needs of their customers and local communities in focus.”
“This is about banks of all sizes building their own future,” said Kathy Kraninger, Interim Chair, BankChain Alliance, and Florida Bankers Association President and 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.
Participating State Bankers Associations Include:
| Alabama Bankers Association | New Hampshire Bankers Association |
| Arkansas Bankers Association | New Jersey Bankers Association |
| Connecticut Bankers Association | North Carolina Bankers Association |
| Delaware Bankers Association | North Dakota Bankers Association |
| Florida Bankers Association | Ohio Bankers League |
| Georgia Bankers Association | Oklahoma Bankers Association |
| Idaho Bankers Association | Oregon Bankers Association |
| Indiana Bankers Association | Pennsylvania Bankers Association |
| Iowa Bankers Association | Rhode Island Bankers Association |
| Kansas Bankers Association | South Carolina Bankers Association |
| Maine Bankers Association | South Dakota Bankers Association |
| Maryland Bankers Association | Tennessee Bankers Association |
| Massachusetts Bankers Association | Texas Bankers Association |
| Michigan Bankers Association | Utah Bankers Association |
| Minnesota Bankers Association | Vermont Bankers Association |
| Mississippi Bankers Association | Virginia Bankers Association |
| Missouri Bankers Association | Washington Bankers Association |
| Nebraska Bankers Association | Wisconsin Bankers Association |
| Nevada Bankers Association | Wyoming Bankers Association |
Media Contacts:
Texas Bankers Association
Carlos Espinosa
BankChain Alliance
Barbara Hagenbaugh