State bankers and industry representatives announced the Bank Chain Alliance, an industry‑owned consortium intended to provide core‑agnostic, bank‑grade programmable payment rails and governance for tokenization; an RFP for a technology partner is underway.

Joe Healey (Fiserv) told the commission Fiserv acquired Stone Castle capabilities and is offering bank‑grade token products (FIUSD, FIUSDT, multi‑bank tokenized deposits and closed‑loop pilots like Rough Rider) that keep reserves as bank deposits, add audit trails and offer optional end‑of‑day auto‑burn for reconciliation.