Bank of America Predicts Multi-Year On-Chain Future for U.S. Banking System

Bank of America, a leading global financial institution, has released a report forecasting a significant, multi-year transition for the U.S. banking sector toward blockchain-based infrastructure. The analysis suggests that traditional banks are increasingly moving to adopt on-chain solutions for core functions like payments, settlements, and securities trading. This shift is driven by the potential for enhanced efficiency, reduced costs, and improved transparency offered by distributed ledger technology. The bank's perspective underscores a growing institutional belief in the transformative power of blockchain, signaling a move beyond experimental phases into substantive, long-term integration within mainstream finance.