Stablecore is an innovative platform designed to help community and regional banks and credit unions offer a variety of digital asset products, including stablecoins and tokenized deposits. Recently, the company announced that it has secured $20 million in funding.
This round of investment was led by Norwest and included contributions from several prominent participants, such as Coinbase Ventures, Curql, BankTech Ventures, the Bank of Utah, EJF Ventures, and the Bankers Helping Bankers Fund. These investors represent a network of more than 290 limited partner banks and credit unions. This funding announcement comes at a pivotal moment following the passing of the GENIUS Act in July 2025, which is expected to further shape the landscape of digital finance.
Stablecore acts as a comprehensive digital asset core. This means it brings together all the essential components needed for digital asset offerings into one cohesive platform. It is specifically crafted for community banks and credit unions, making it easier for them to navigate the world of digital assets. The platform is designed to integrate smoothly with existing banking systems and digital banking services.
This enables financial institutions to introduce new digital asset products without requiring a complete overhaul of their existing technology infrastructure. By using Stablecore, these banks and credit unions maintain complete control and ownership of their digital asset offerings. They can also collaborate with multiple custodians for their digital assets, adding flexibility to their operations.
The leadership team behind Stablecore, comprised of co-founders Alex Treece, Nick Elledge, and Eduardo Montemayor, brings valuable experience in both digital assets and traditional banking. Their expertise is crucial for understanding the needs and challenges that community banks face. With the new funding, Stablecore aims to expand its reach and customer base among the more than 8,000 regional and community banks and credit unions in the United States. Additionally, the funding will support hiring new talent to fortify the company’s operations and customer support.
Integrating Stablecore into the technology stack of a financial institution offers a wide range of benefits. It allows banks and credit unions to explore various use cases that can enhance their services and meet the evolving needs of their customers. Institutions can facilitate instant global payments and manage treasury services using stablecoins. They can also provide digital asset custody options and engage in asset exchanges. Moreover, Stablecore enables opportunities for digital asset-backed lending, making it easier for banks to diversify their offerings.
Through these capabilities, Stablecore not only opens the door for new revenue streams but also helps increase deposit bases. By offering innovative options to customers, community banks and credit unions can attract new clients while retaining existing ones, thereby reinforcing their relevance in a rapidly changing financial landscape.
KEY QUOTES:
“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.”
Alex Treece, co-founder and CEO of Stablecore
“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.”
Branden Hansen, president of Bank of Utah
“We’re at the beginning of a generational shift, as stablecoins and digital assets move into the heart of the financial system. Stablecore is leading the charge, bringing together deep digital asset expertise and large-scale enterprise execution to deliver trusted solutions for banks and credit unions. Norwest is thrilled to support the Stablecore team as they build the infrastructure layer for the next era of banking and help financial institutions unlock the full potential of digital asset offerings.”
Jordan Leites, Vice President at Norwest
“Banks are anxious about what stablecoins and this new legislation means. We have more than 100 partner banks who look to us to help them identify the best solutions at times of change like this. It was clear from the moment I met the Stablecore team that they are committed to helping financial institutions navigate these changes and the best team to positively participate in the future of digital assets. We’re excited to partner with them and have been very pleased with how well they’ve already worked with and supported many of our banks.”
Carey Ransom, managing director at BankTech Ventures
