Stablecore raises $20m to expand digital asset banking

September 17, 2025

Stablecore, a FinTech platform enabling community and regional banks and credit unions to offer stablecoins, tokenised deposits and digital asset products, has raised $20m in fresh funding.

The investment was led by Norwest with participation from Coinbase Ventures, Curql, BankTech Ventures, Bank of Utah, EJF Ventures, Bankers Helping Bankers Fund and others. Together, these investors represent more than 290 limited partner banks and credit unions.

Stablecore describes itself as a “digital asset core”, unifying the key components of digital asset offerings into a single platform built specifically for financial institutions outside the largest banks. It integrates with existing banking cores and digital services, removing the need for institutions to overhaul their technology infrastructure while allowing them to retain ownership and flexibility over their offerings.

The new capital will allow Stablecore to grow its customer base across more than 8,000 regional and community banks and credit unions in the US. The company also plans to expand its team to provide additional support to institutions looking to adopt digital asset products.

Stablecore co-founder and CEO Alex Treece said, “Following landmark regulatory changes this year, stablecoins and digital assets have entered a new paradigm, becoming permissible activities within banking.

“Banks and credit unions – especially Main Street institutions – are the most logical, secure home for these assets alongside customers’ existing financial accounts. Stablecore helps financial institutions retain their deposits, create new digital asset-powered revenue streams and stay competitive as this transition to digital assets and blockchain technology unfolds.”

Bank of Utah president Branden Hansen said, “We see blockchain and digital assets as one of the most transformative opportunities in modern finance.

“While much of the innovation so far has been outside of traditional finance, the real power of these technologies will be felt in communities when local banks bring them into everyday financial services. Stablecore makes this vision possible, giving our customers faster, safer, and more innovative ways to move money and build wealth, while preserving trust and personal connections.”