The FedNow "early adopters" list does not contain blockchains, but some may integrate later

Two blockchain networks previously announced their integration with the Fed's Instant Payments Service, but they weren't found on a news list of certified suppliers. News Join us on social networks

The Federal Reserve's upcoming instant payment system, FedNow, released its list of certified "early adopters" on June 29. Organizations on the list were certified ready to connect to the platform when it launched in late July. No blockchain networks are on the list, although at least two have already announced that they will connect to the instant payment system.

The FedNow service said some organizations not on the list may be onboarded later, and Metal Blockchain said it still intends to connect to the platform once it gets "the appropriate bank sponsor".

List of organizations certified with the FedNow service. Source: Federal Reserve Board Services

FedNow is an instant payment service being developed by the United States Federal Reserve. The Federal Reserve says the service will allow instant transfers between banks in the US, similar to the UK's Faster Payments systems and the European Single Euro Payments Area.

Currently, bank transfers in the United States can only be made by ACH or wire transfer, which do not settle instantly. FedNow is expected to launch in July.

At least two blockchain networks have announced that they will "plug in" to FedNow when it launches. One is Metallicus' metal blockchain. The Metallicus team said in May that their network