The Fed’s upcoming instant payment system, FedNow, released Her list of approved “early adopters” on June 29. The organizations on the list have been certified ready to connect to the platform when it launches in late July. There are no blockchain networks on the list, although at least two have previously been announced that they will connect to the instant payment system.
FedNow reported that some organizations not on the list may merge later, and Metal Blockchain said it still intends to contact the platform once it has “an appropriate banking sponsor.”