Nasdaq Verafin and Stablecore announced a partnership that unifies digital asset and traditional banking data, giving financial institutions a combined view of financial crime risk across fiat and digital asset channels.
Stablecore supplies the infrastructure banks and credit unions use to offer stablecoins, tokenized deposits and other digital asset services within their existing systems. Under the partnership, digital asset transaction activity from Stablecore feeds directly into the Nasdaq Verafin platform, consolidating that data with a bank’s existing customer and account records into a single profile for investigation and risk assessment. Stablecore holds digital asset holdings and transaction data without storing personally identifiable information, while core banking systems retain customer records; Nasdaq Verafin brings the two together.
The companies say the arrangement addresses a longstanding blind spot: financial institutions have had limited visibility into on-chain activity, creating gaps when illicit funds move between fiat and crypto channels. By integrating fiat-to-digital-asset and digital-asset-to-fiat transaction flows into Nasdaq Verafin’s existing compliance infrastructure, the partnership is designed to close that gap.
“Criminals increasingly move between on-chain and off-chain channels to obscure their activity and avoid detection,” said Rob Norris, SVP and Head of Product Strategy at Nasdaq Verafin, adding that the goal is to ensure bad actors “cannot hide no matter where they move money.”
Alex Treece, Stablecore’s co-founder and CEO, believes this collaboration to be a maturity milestone for bank-based digital asset offerings, saying such services only become viable when institutions can apply the same compliance and fraud-detection standards used for traditional products. He described the arrangement as pairing Stablecore’s infrastructure with Nasdaq Verafin’s monitoring rigor.
The integration is currently in beta with select customers, including Amarillo National Bank, with a broader rollout to mutual customers planned for the fourth quarter of 2026 and the first quarter of 2027. William Ware, President of Amarillo National Bank, said the partnership lets his institution meet customer demand for digital asset access while maintaining oversight across both traditional and on-chain activity.
Beyond the initial data integration, Nasdaq Verafin and Stablecore plan to add real-time sanctions screening for counterparties receiving digital asset transfers, folding that capability into Nasdaq Verafin’s existing sanctions screening program to support BSA/AML compliance against digital asset-related sanctions risk.
Nasdaq Verafin’s financial crime management platform is used by more than 2,800 financial institutions representing $13 trillion in collective assets. Stablecore, backed by investors including Norwest, BankTech Ventures and Curql, provides banks and credit unions with a single platform for instant payments, stablecoins, tokenized deposits and other digital asset services.
Neither company disclosed the financial terms of the partnership.
