Nasdaq Verafin, Stablecore Give CUs New Tool To Track Digital Asset Crime
By CU Today Staff —
NEW YORK—Nasdaq Verafin and Stablecore have partnered to give banks and credit unions a consolidated view of traditional and digital asset transactions as financial institutions expand into stablecoins, tokenized deposits and other digital asset services.
The companies said Stablecore’s digital asset transaction data will flow directly into Nasdaq Verafin’s anti-financial crime platform, where it can be combined with customer and traditional banking data. The integration is designed to address a compliance gap created when potentially illicit funds move between fiat and on-chain channels.
“Criminals increasingly move between on-chain and off-chain channels to obscure their activity and avoid detection,” said Rob Norris, senior vice president and head of product strategy at Nasdaq Verafin. “By integrating Stablecore’s digital asset infrastructure with Nasdaq Verafin’s holistic financial crime management technology platform, we are giving financial institutions visibility into the full scope of their customers’ transactions, so that criminals cannot hide no matter where they move money.”
The companies said the partnership comes as the global digital asset market has grown to approximately $2.4 trillion.
“Digital assets become viable within banking when financial institutions can have the same very high standards around compliance and fraud detection as their existing products,” said Alex Treece, co-founder and CEO of Stablecore. “Through this partnership, Stablecore provides the infrastructure for secure digital asset services while Nasdaq Verafin ensures that activity is monitored with the same rigor as traditional payments – a significant evolution in making digital assets a safe and secure option for banks, credit unions and their customers.”
The integration is in beta with select customers, including Amarillo National Bank, with a broader rollout to mutual Nasdaq Verafin and Stablecore customers planned for the fourth quarter of 2026 and first quarter of 2027. The companies also plan to add real-time sanctions screening for counterparties receiving digital asset transfers, integrating that capability into Nasdaq Verafin’s existing sanctions-screening program.
Originally reported by CU Today.