Nasdaq Verafin and Stablecore Help Banks Spot Financial Crime Across Cash and Crypto

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Nasdaq Verafin and Stablecore partnered to help financial institutions detect financial crimes across fiat and digital asset activity, Nasdaq said in a Tuesday (Sept. 15) press release.

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    The partnership brings together digital asset transaction activity from Stablecore, a company that provides infrastructure used by banks and credit unions to offer digital asset services inside their existing systems, and Nasdaq Verafin, which offers a holistic financial crime management technology platform, according to the release.

    Nasdaq Verafin and Stablecore have this integration in beta with select customers, and they plan to roll it out to their mutual customers in the fourth quarter of 2026 and the first quarter of 2027, the release said.

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    By integrating fiat-to-digital asset and digital asset-to-fiat transaction flows from Stablecore with customer data and compliance infrastructure in Nasdaq Verafin, the solution provides financial institutions with visibility into on-chain financial activity and creates a single, consolidated customer profile for investigation and risk assessment, per the release.

    “Criminals increasingly move between on-chain and off-chain channels to obscure their activity and avoid detection,” Rob Norris, senior vice president and head of product strategy at Nasdaq Verafin, said in the release.

    With the new integration, Stablecore and Nasdaq Verafin are “giving financial institutions visibility into the full scope of their customers’ transactions, so that criminals cannot hide no matter where they move money,” Norris said.

    Stablecore Co-Founder and CEO Alex Treece said in the release that when financial institutions can have the same standards around compliance and fraud detection with digital assets as they do with their existing products, digital assets become viable within banking.

    “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,” Treece said.

    When announcing a $20 million funding round for Stablecore in September 2025, Treece said the company would use the additional funding secured in the round to support its bank and credit union clients.

    Meanwhile, Nasdaq Verafin announced in August that it partnered with Q6 Cyber to help financial institutions identify and respond to emerging fraud and scam threats. The partnership will add Q6 Cyber’s dark web fraud intelligence to Nasdaq Verafin’s consortium data insights, making both resources available to financial institutions in Nasdaq Verafin’s platform.