Bank of America Report: With crypto regulations in place, banks are accelerating their move towards an on-chain future.

According to a CoinDesk report, a recent Bank of America report indicates that the US banking industry is moving towards a multi-year on-chain transformation as US crypto regulation moves from discussion to implementation. The Office of the Comptroller of the Currency (OCC) has granted conditional national trust banking licenses to five digital asset companies, marking the beginning of federal acceptance of stablecoins and crypto custody services. The FDIC is expected to release its regulatory proposal for stablecoin payments this week; under the GENIUS Act, the relevant rules must be finalized by July 2026 and take effect in January 2027. Federal Reserve officials have also stated they are working with other banking regulators to develop capital, liquidity, and diversification standards for stablecoin issuers. The report also mentions that JPMorgan Chase and DBS Bank are exploring interoperability frameworks for tokenized value transfers on public and permissioned blockchains. Bank of America predicts that bonds, stocks, money market funds, and cross-border payments may migrate on-chain in the future, requiring banks not only to be familiar with blockchain technology but also to be willing to experiment with tokenized assets and on-chain settlement. (Source: CoinDesk)