Bank of America’s Crypto Patents Explained: What the…
By Damilola Esebame
AI summary of the source article
Bank of America holds an extensive blockchain patent portfolio spanning identity verification, smart contract modification, tokenized asset controls, and interbank settlement infrastructure. While regulatory limits historically restricted the bank from offering direct cryptocurrency trading, advisers have recommended spot bitcoin ETFs to wealth clients since January 2026. Following the passage of the GENIUS Act in July 2025, which established a licensing framework for bank-issued stablecoins, CEO Brian Moynihan confirmed the bank is exploring dollar-pegged stablecoin issuance for payment systems, potentially alongside JPMorgan Chase and Citigroup. The patents position the institution to deploy regulated infrastructure once broader rules crystallize.
Why it matters
The bank's patent portfolio prepares it to rapidly launch regulated stablecoin and digital settlement infrastructure while creating defensive intellectual property against competitors.
Key facts
- Bank of America had 82 blockchain patents in 2019 and now holds hundreds focusing on enterprise settlement and token controls.
- CEO Brian Moynihan confirmed the bank is exploring dollar-pegged stablecoins for payments, potentially in collaboration with JPMorgan Chase and Citigroup.
- Patent filings target compliance-focused architecture, including smart contract modification windows and geofencing for tokenized assets.