Key Takeaways
- Bank of America sees stablecoins and tokenized deposits entering the regulated banking system under new federal charters and rules.
- Analysts expect final FDIC stablecoin rules by July 2026, with full implementation in 2027.
Bank of America says U.S. banks are entering a multi-year transition to blockchain-based operations as regulators begin laying the groundwork for stablecoins and tokenized deposits.
A report on Monday highlights that recent OCC approvals for five digital asset companies mark early federal adoption of crypto custody and stablecoins, provided they meet fiduciary standards and risk controls.
The FDIC is also expected to propose rules this week to allow its supervised banks to issue payment stablecoins through subsidiaries. These rules, required under the GENIUS Act, must be finalized by July 2026 and take effect in January 2027.
Analysts led by Ebrahim Poonawala say these developments will open the door for regulated onchain payments and real-world tokenization of assets in the banking sector.