Nasdaq Verafin and Stablecore have entered a partnership designed to close the gap between fiat and digital asset financial crime monitoring.
The tie-up channels digital asset transaction data from Stablecore straight into the Nasdaq Verafin platform, giving lenders a single, consolidated view of financial crime exposure as they widen their digital asset offerings. Rather than treating on-chain and off-chain activity as separate risk pools, institutions will be able to monitor both through one compliance infrastructure, helping them satisfy client appetite for digital asset products while staying ahead of shifting regulatory expectations.
Until now, banks have had only a narrow window into blockchain-based activity, creating a blind spot whenever financial crime crosses between traditional and digital asset channels. The new arrangement is intended to close that blind spot by feeding both fiat-to-digital-asset and digital-asset-to-fiat transaction flows from Stablecore into Nasdaq Verafin’s existing customer data and compliance tools.
Under the structure, Stablecore holds digital asset balances and transaction records without retaining personally identifiable information, while each bank’s core banking system continues to hold customer and account details. The two data sets then combine inside Nasdaq Verafin to build a single customer profile that investigators can use for risk assessment.
The partnership arrives as demand for stablecoins, tokenised deposits and other digital assets keeps climbing among consumers and businesses alike. The worldwide digital asset market is now worth roughly $2.4 trillion, more than double the level seen between late 2022 and early 2023.
By pulling stablecoin, tokenised deposit and digital asset transaction data from Stablecore into its platform, Nasdaq Verafin aims to let financial institutions investigate cases more quickly and track the movement of funds both on-chain and off-chain.
Nasdaq Verafin supplies banks and credit unions with a cloud-based platform covering anti-money laundering, fraud detection and other financial crime management needs. Stablecore, meanwhile, builds the infrastructure that allows banks and credit unions to embed stablecoin, tokenised deposit and other digital asset services within their existing systems.
The integration is currently running in beta with a small group of customers, including Amarillo National Bank, ahead of a wider rollout to shared clients of Nasdaq Verafin and Stablecore across the fourth quarter of 2026 and first quarter of 2027. Beyond the initial launch, the two firms plan to introduce real-time sanctions screening for counterparties on the receiving end of digital asset transfers.
That feature will sit within Nasdaq Verafin’s established sanctions screening programme, giving institutions the tools to build a stronger BSA/AML compliance regime against digital asset sanctions risk.
Nasdaq Verafin SVP, head of product strategy, Rob Norris said, “Criminals increasingly move between on-chain and off-chain channels to obscure their activity and avoid detection. 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.”
Stablecore co-founder and CEO Alex Treece said, “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.
“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.”
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