Bank of America has projected a significant shift towards onchain banking systems in the United States over the coming years. This transition is being propelled by regulatory developments and institutional experimentation, according to a report released on Monday. Key regulatory bodies, including the OCC, FDIC, and Federal Reserve, are actively working on frameworks for stablecoins and tokenized deposits. The report highlights that major financial institutions such as JPMorgan and DBS are already exploring tokenized value transfer systems. Additionally, it notes the potential impact of the EU's Markets in Crypto-Assets Regulation on setting global standards, alongside measures to counter the financing of terrorism, which could further shape the landscape of onchain banking.