BofA "U.S. banks moving toward a multi-year 'onchain future'… Stablecoins and deposit tokens accelerate the transition"

JH Kim

Summary

Bank of America said U.S. banks are moving to onchain-based finance.
BofA said regulatory clarity around stablecoins and deposit tokens is expected to accelerate the onchain transition of real-world assets and payment systems.
BofA said that if new regulations and institutional-grade infrastructure combine, asset tokenization and onchain payments would emerge as core medium-to-long-term priorities for the financial sector.

Bank of America (BofA) said that U.S. banks are moving toward onchain-based finance thanks to changes in the regulatory environment.

On the 15th (local time), according to crypto-focused media CoinDesk, BofA analyzed that as regulatory moves in the U.S. accelerate, digital assets are being incorporated into the regulated financial system and U.S. banks are moving toward a 'multi-year onchain future.'

BofA particularly expects that as regulatory clarity around stablecoins and deposit tokens is secured, the onchain transition of real-world assets and payment systems will accelerate. Accordingly, it predicted that the flow of traditional financial assets and infrastructure—such as bonds, equities, money market funds (MMFs), and cross-border payments—moving to blockchain-based platforms could gain momentum.

BofA added that if the new regulatory environment and institutional-grade infrastructure combine, asset tokenization and the spread of onchain payments would emerge as mid-to-long-term core priorities for the financial sector.