CHIPS averaged $2.014 trillion in daily settlement value during 2025. The figure represents a 9 percent increase from the prior year. Daily transaction volume rose 12 percent to 632,419 payments. The network's continuous netting algorithm delivered average daily liquidity savings of $15.4 million. This was up from $14.3 million in 2024. Annualized savings totaled $5.5 billion for participants.
Huntington National Bank became CHIPS's 43rd direct participant on May 19, 2026. The bank completed its merger with Cadence Bank in February 2026. The combined institution operates 1,400 branches across 21 states. Total assets reached approximately $279 billion. Direct membership gives Huntington its own settlement channel for high-value dollar payments.
The 2025 data covers the first full calendar year under the ISO 20022 message standard CHIPS adopted in April 2024. Volume growth outpacing value growth indicates an increase in smaller-value payments entering the system. CHIPS settles the majority of international USD payments through bilateral and multilateral netting. The mechanism reduces gross settlement obligations to approximately 5 percent of submitted value.