Nasdaq Verafin and Stablecore partner to fight cross-channel

Nasdaq Verafin and infrastructure provider Stablecore have announced a partnership to unify digital asset and traditional banking data for financial crime detection. The collaboration aims to give banks and credit unions a consolidated view of risk as they expand into offering stablecoins and tokenized deposits.

Financial institutions have historically struggled to monitor criminal activity that moves between traditional fiat currency and digital asset channels. This partnership seeks to address that gap by integrating transaction flows from Stablecore's digital asset infrastructure directly into the Nasdaq Verafin anti-financial crime platform.

Bridging the data divide

Under the new arrangement, Stablecore will house digital asset holdings and transaction information, but will not store personally identifiable customer data. A bank's own core system retains the customer and account details. Data from both sources is then fed into the Nasdaq Verafin platform, where it is consolidated into a single customer profile for investigation.

Rob Norris, SVP and Head of Product Strategy at Nasdaq Verafin, stated that criminals are increasingly exploiting the separation between on-chain and off-chain channels. "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," he said.

Meeting demand with compliance

The move responds to growing consumer and business adoption of digital assets, with the global market now valued at approximately $2.4 trillion. Alex Treece, Co-founder and CEO of Stablecore, emphasized that digital assets only become viable for banks when they can apply existing high compliance standards. He described the partnership as a "significant evolution in making digital assets a safe and secure option for banks, credit unions and their customers."

Rollout and future capabilities

The integration is currently in a beta phase with select customers, including Amarillo National Bank. A broader rollout to mutual customers of both companies is planned for the fourth quarter of 2026 and the first quarter of 2027.

Following the initial integration, the partners plan to offer real-time sanctions screening for counterparties receiving digital asset transfers. This feature will plug directly into Nasdaq Verafin's existing sanctions screening program. William Ware, President of Amarillo National Bank, noted the partnership allows his team to maintain full visibility and seamlessly incorporate on-chain data into investigations while meeting customer demand for new payment methods.