The Conference of State Bank Supervisors has enlisted three Boston payment and technology firms to help craft a national licensing and supervisory system for non-depository institutions, such as fintech companies.

The companies are LibertyX, a platform that allows people to convert cash into bitcoin; Envestnet, an investment services and technology company for financial advisers; and Circle, a peer-to-peer payments technology company.

The three will join 30 other companies ranging from startups such as Ripple to national firms such as Western Union and Paypal that will sit on the CSBS Fintech Industry Advisory Panel. The panel brings together state regulators and industry leaders, who will identify ways to help modernize the state regulatory system.

“State regulators want to listen to fintech leaders, take action to make the multi-state experience as seamless as possible, and ensure consumers and local economies reap the benefits of innovation,” Albert Forkner, CSBS chairman and commissioner of the Wyoming Division of Banking, said in a statement. “At the same time, we will preserve the essential financial safeguards and local perspective provided by the state regulatory system.”

The advisory panel will have three working groups: innovation; money transmission and payments; and lending and community banking.

The advisory panel is one key element of CSBS’ Vision 2020, which has the following policy statement:

“CSBS, the states and territories will create consistent and data-driven solutions that support innovation by minimizing friction in the state regulatory system. By 2020, state regulators will adopt an integrated, 50-state licensing and supervisory system, leveraging technology and smart regulatory policy to transform the interaction between industry, regulators and consumers.”

The CSBS will look to to take the following actions:

• Redesign the Nationwide Multistate Licensing System
• Harmonize multistate supervision
• Form an industry advisory panel
• Assist state banking departments
• Make it easier for banks to provide services to non-banks
• Make supervision more efficient for third parties