Crypto Titans Unite: New Group To Forge Global Blockchain Transaction Standard

A new industry group called the Blockchain Payments Consortium has formed with the aim of setting common rules for how blockchains move ￰0￱ to statements from participants and industry summaries, the consortium brings together seven major firms and foundations that support different blockchains and ￰1￱ group says it wants a shared framework that covers both the technical steps of a transfer and the compliance data that banks and regulators expect. Blockchain: Standardizing Cross-Chain Stablecoin Transfers The founding members listed include Fireblocks, Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs and Monad ￰2￱ on reports, the initial focus will be on stablecoin payments that move between different ￰3￱ area has grown large: on-chain payments last year were reported at roughly $20 trillion in total volume, a figure that market watchers point to when arguing for clearer, shared rules. 15T+ settled on-chain in ￰4￱ now move more than Visa and Mastercard ￰5￱ blockchain payments remain ￰6￱ network runs on different technical and compliance ￰7￱ what happens when it all works together.

That’s what the Blockchain… ￰8￱ — Fireblocks (@FireblocksHQ) November 6, 2025 Why The Group Formed Industry sources say the consortium’s backers want to reduce friction that arises when one chain speaks one way and another chain speaks a different ￰9￱ note that firms and banks often need consistent data attached to payments — things like origin, purpose and compliance flags — before they will accept a ￰10￱ consortium aims to define how that data should travel along with a token when it crosses networks, and how settlement and reconciliation should be handled so companies can rely on the ￰11￱ to BPC, blockchain rails are “reshaping the global payments landscape.” But for blockchain payments to reach full potential, the group said they must “address the inconsistent and fragmented experiences individuals and institutions face when moving between traditional payments and blockchain.” Cross-Industry And Regulatory Reach The group plans to act as a bridge between blockchain projects and ￰12￱ expects to propose templates that exchanges, custodians and payment processors can use so that audits and reporting become ￰13￱ members have warned that getting regulators across several jurisdictions to accept the same approach will be ￰14￱ also point out that different chains use different technical designs, which makes a one-size-fits-all solution hard to ￰15￱ consortium has described its work in general terms so far, focusing on a framework rather than a finished ￰16￱ on reports, concrete outputs could include data formats, API patterns and recommended checks that service providers should run during cross-chain ￰17￱ image from Yuichiro Chino/Getty Images, chart from TradingView