Bank of America is accelerating Wall Street’s crypto pivot with a new research push dissecting stablecoins, tokenized assets, and the infrastructure poised to redefine digital finance.
Bank of America (BOA) Global Research has launched its new publication, “On Chain,” which aims to track the rapidly shifting landscape of digital assets, including stablecoins, tokenized assets, and market infrastructure. The financial giant stated: “We are launching ‘On Chain,’ a periodical designed to drill into the various facets of the fast-evolving digital assets ecosystem (across stablecoins, tokenization of real-world assets, payments, custody, market infrastructure, programmable money, infrastructure protocols), including the latest regulatory developments.” The BOA research team added:
On Chain will look to summarize feedback based on our investor conversations as the Street tries to assess the pace of adoption and the potential winners vs losers due to this technology.
‘On Chain’ Launch: Wall Street Accelerates Crypto Engagement
The launch coincides with a pivotal week in Washington as lawmakers are considering the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act, all of which could shape the U.S. approach to stablecoins and digital infrastructure.
The analysis does not focus on cryptocurrencies as speculative assets but rather on infrastructure that may underpin future digital finance. The team explained: “While too soon to pick winners just yet, we believe infrastructure providers like Stripe or the Ethereum platform could potentially become the new rails for driving interoperability across digital assets. For instance, public chains run on Ethereum, such as the one JPMorgan uses to pilot its tokenized deposit JPMD. (Note that Ethereum is a decentralized platform and no one owns it; however, investors can access its native currency, ether ‘ETH’).”
According to the bank, stablecoin partnerships with major retailers like Shopify, Coinbase, and Stripe could boost online shopping more than simply issuing stablecoins. Even with unclear rules and a changing market, Bank of America believes that investing in the basic technology (infrastructure) offers a safer long-term bet.
Bank of America has been quietly getting ready for a bigger role in crypto. They’ve gathered many blockchain patents and see how important Bitcoin is, even though they don’t let customers buy it directly yet. In June 2025, experts called Bitcoin one of the most game-changing inventions in 1,000 years because it challenges old finance. CEO Brian Moynihan also said the bank is prepared to accept crypto payments once rules are clear.
