Stablecore has raised $20 million for a platform that helps community and regional banks and credit unions offer stablecoins, tokenized deposits and digital asset products. Stablecore serves as a “digital asset core,” unifying the critical components of digital asset offerings into a single platform specifically built for America’s 8000+ community and regional banks and credit unions.
The platform integrates with existing banking cores and digital banking services, enabling financial institutions to offer digital asset products without changing their technology infrastructure.
“Following landmark regulatory changes this year, stablecoins and digital assets have entered a new paradigm, becoming permissible activities within banking,” says Alex Treece, CEO, Stablecore. “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.” How They Do It — Key Components & Methods From what is public, here are the main “how” components: Integration with existing bank core / digital banking systems The solution is designed to be plugged into a bank’s core systems so that stablecoins & digital assets feel like just another product offering from the bank (accounts, transfers, etc.). Flexible provider & network support (“zero lock-in”) They integrate with multiple major custodians, exchanges & stablecoin providers. That means a bank can choose which stablecoins, which custody partners, which blockchains/networks it wants, rather than being locked into one vendor. Compliance, security & controls built in They emphasize “highest standards” for security, risk, regulatory compliance. They show SOC-2 compliance badge, which suggests formal security & process audits. Tokenization of deposits Converting traditional bank deposit liabilities into digital tokens (“tokenized deposits”) to allow on-chain uses: faster settlement, programmable money, integration with other stablecoin rails. Collateralized lending using digital assets Allow customers who own crypto/digital assets to use them as collateral in order to access lending. This provides new lending opportunities for banks using digital asset holdings.