Citi, Mastercard, Visa, and Top US Banks Accelerate Blockchain and Stablecoin Tests
Citi, Mastercard, Visa, and other major US banks accelerated their blockchain testing programs for stablecoin and tokenized asset applications. The activity represents a broad-based institutional push into blockchain infrastructure across multiple major financial institutions simultaneously.
Stablecoins: Wall Street isn't joining crypto — it's digesting it
JPMorgan, Citi, Bank of America and Wells Fargo are building a shared tokenised deposit network, targeted for 2027. Visa is testing private stablecoin settlement on a blockchain built specifically for institutions. The DTCC has fifty financial firms running a tokenisation service right now.
This is not adoption. It's absorption.
The infrastructure being built here is permissioned, KYC-gated and bank-controlled by design. The efficiency gains are real. But the thing that gets more efficient is the existing system — with better rails, not different rules.
For anyone who thought blockchain meant escaping the intermediaries, this is the answer: the intermediaries came to blockchain first.