The banking system is moving on-chain - and has gone unnoticed by most people
US banks are gradually shifting toward blockchain-based financial infrastructure as they modernise core banking systems. Rather than focusing on speculative crypto markets, institutions are exploring how distributed ledger technology can improve payments, deposits, custody and fund operations. According to Trading view.com: “US banks are prioritizing tokenized versions of familiar products, including deposits, funds and custody, rather than launching new crypto-native assets”. Looking to be able to satisfy the demand for delivery versus payments with programmable settlement and on-chain financial services within existing regulatory frameworks.
Financial companies actually using blockchain technology not just pilots anymore
Source: X
This also initiative indicates a deeper shift: distributed ledger systems, now becoming the backbone of financial institutions, are driving the core operations of modern banking. So, can blockchain technology improve settlement without disrupting existing reg…
