TechFlow news, December 16 — According to CoinDesk, a new report from Bank of America indicates that as U.S. crypto regulation shifts from discussion to implementation, American banks are moving toward a multi-year on-chain transformation. The Office of the Comptroller of the Currency (OCC) has granted conditional national trust bank charters to five digital asset firms, marking federal-level acceptance of stablecoins and crypto custody services.
The FDIC is expected to release its payment stablecoin regulatory proposal this week. Under the GENIUS Act, related rules must be finalized by July 2026 and take effect in January 2027. Federal Reserve officials also stated they are working with other banking regulators to establish capital, liquidity, and diversification standards for stablecoin issuers.
The report noted that JPMorgan Chase and Singapore's DBS Bank are exploring interoperability frameworks for tokenized value transfer on public and permissioned blockchains. Bank of America predicts that bonds, equities, money market funds, and cross-border payments may eventually migrate on-chain, requiring banks not only to understand blockchain technology but also to embrace tokenized assets and on-chain settlement.
