Financial institutions expanding into stablecoins, tokenized deposits, and other digital asset products have long faced a monitoring problem: traditional compliance systems were built for fiat activity, while on-chain transactions often sat in a separate silo.
Nasdaq Verafin and Stablecore announced a partnership on September 15, 2026, intended to close that divide by feeding digital asset transaction data directly into Verafin’s anti-financial crime platform.
Stablecore supplies the infrastructure banks and credit unions use to offer digital asset services through their existing cores and digital banking systems.
Under the arrangement, those on-chain holdings and transfers flow into Nasdaq Verafin without Stablecore storing personally identifiable information. Customer and account records remain in the bank’s core system.
Combined, the two data streams create a single customer profile that investigators can use to assess risk across both conventional payments and digital asset activity.
The companies argue this matters because criminals routinely hop between on-chain and off-chain channels to hide funds.
Rob Norris, senior vice president and head of product strategy at Nasdaq Verafin, said the integration is meant to give institutions “visibility into the full scope of their customers’ transactions, so that criminals cannot hide no matter where they move money.”
Alex Treece, co-founder and CEO of Stablecore, framed the deal as a way to apply the same compliance and fraud standards already used for traditional products to digital assets, making those offerings more viable inside regulated banks.
The timing reflects growing demand.
The announcement cited a global digital asset market of roughly $2.4 trillion, more than double levels seen in late 2022 and early 2023.
Banks want to meet customer interest in instant payments and tokenized products without creating new compliance blind spots.
By pulling fiat-to-crypto and crypto-to-fiat flows into the same investigative workspace, institutions can monitor money movement across both rails and, the partners say, complete reviews more quickly.
The first phase is already in beta with selected institutions, including Amarillo National Bank.
William Ware, the bank’s president, said customers want emerging payment methods and the bank must deliver them without sacrificing safety.
The integration, he noted, lets investigators bring on-chain data into existing workflows rather than treating digital activity as a separate universe.
A broader rollout to mutual Nasdaq Verafin and Stablecore clients is planned for the fourth quarter of 2026 and the first quarter of 2027.
A second stage will add real-time sanctions screening for counterparties receiving digital asset transfers.
That capability is expected to sit inside Nasdaq Verafin’s existing sanctions program, helping institutions extend Bank Secrecy Act and anti-money-laundering controls to digital asset counterparties.
Nasdaq Verafin already serves more than 2,800 financial institutions with about $13 trillion in collective assets.
Stablecore positions itself as a single platform for instant payments, stablecoins, tokenized deposits, and related services, with backing from banking and digital-asset investors.
The partnership does not claim to solve financial crime.
It addresses a practical operational gap: as banks add digital asset products, their crime-detection tools need a unified view rather than two incomplete ones. If the beta results hold and the sanctions layer arrives as planned, institutions will have a clearer path to offer those products while keeping investigations, risk scoring, and regulatory reporting in one place.
