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FIS to build digital tokenised money network
30 April 2026 US
Image: InfiniteFlow/stock.adbe.com
FIS, a global fintech firm, has announced Project Keystone, a digital money network designed and controlled by banks.
The project is being developed in partnership with Citizens, Fifth Third, Huntington Bank, KeyBank, and M&T Bank.
According to FIS, the participants were chosen to represent a variety of charter types and technology providers, reflecting the scope of institutions that Project Keystone is intended to serve.
The network will handle regulated and bank-issued deposits in digital form, rather than a new asset class.
FIS says transactions will either fully settle or not settle at all, aiming to eliminate the partial failures and reconciliation burdens that slow conventional interbank settlement.
Commenting on the project, Jim Johnson, co-president of banking solutions at FIS, says: “Banks are the cornerstone of trust in the financial system, and they should define how digital money evolves.
“Project Keystone brings together institutions of different sizes, charters, and core providers — because a network that doesn't work for all of them doesn't work.”
The announcement of Project Keystone follows the launch of FIS’s Lyriq platform, designed for banks to issue and manage digital deposits on their own balance sheets.
The project is being developed in partnership with Citizens, Fifth Third, Huntington Bank, KeyBank, and M&T Bank.
According to FIS, the participants were chosen to represent a variety of charter types and technology providers, reflecting the scope of institutions that Project Keystone is intended to serve.
The network will handle regulated and bank-issued deposits in digital form, rather than a new asset class.
FIS says transactions will either fully settle or not settle at all, aiming to eliminate the partial failures and reconciliation burdens that slow conventional interbank settlement.
Commenting on the project, Jim Johnson, co-president of banking solutions at FIS, says: “Banks are the cornerstone of trust in the financial system, and they should define how digital money evolves.
“Project Keystone brings together institutions of different sizes, charters, and core providers — because a network that doesn't work for all of them doesn't work.”
The announcement of Project Keystone follows the launch of FIS’s Lyriq platform, designed for banks to issue and manage digital deposits on their own balance sheets.
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