Driving public blockchain integration in banking

Be part of the working group

OMFIF is forming a working group to explore the integration of public blockchain systems into the traditional financial system – particularly banks.

Although the benefits of blockchain for the financial industry are increasingly well understood, making use of public permissionless blockchains can still pose regulatory challenges for banks. Now, with the election of President Donald Trump, momentum is building to overcome the regulatory challenges preventing public blockchain adoption in the US, and we expect other countries to follow suit.

But if this process is to happen both quickly and safely, regulators and decision-makers at traditional institutions must understand the capabilities of public blockchain protocols in order to establish an effective policy framework. This means exploding some of the myths around public blockchains, demonstrating that they can provide a robust, scalable infrastructure for financial markets and identifying areas where existing regulations might prevent the adoption of blockchain infrastructure.

This working group will have the opportunity to be a key input for policy-makers during a time of dynamic policy formation. Members will be able to assert the robustness of public permissionless infrastructure and highlight their role as safe, responsible participants in the transformation of capital markets.

The findings of the working group will be published in a report, highlighting the policy recommendations and insights formed during the meetings series.

Interested in being part of 2025's Public Blockchain Working Group? Fill in the form to receive more details.