Stablecore, a platform enabling community and regional banks and credit unions to offer stablecoins, tokenized deposits, and other digital asset products, has raised $20 million in funding. The round was led by Norwest and included Coinbase Ventures, Curql, BankTech Ventures, Bank of Utah, EJF Ventures, and Bankers Helping Bankers Fund, representing over 290 partner banks and credit unions. The news comes amid the regulatory shift triggered by the GENIUS Act passed in July 2025, which formally allows banks to engage in digital asset activities.

Bringing Digital Assets to Main Street Banks

Stablecore positions itself as a “digital asset core,” consolidating key digital asset capabilities into a single platform tailored for community and regional banks. By integrating seamlessly with existing banking cores and digital banking services, Stablecore enables institutions to offer digital assets without overhauling their technology infrastructure. Banks retain full control over offerings, with flexibility to work with multiple digital asset custodians.

“Following landmark regulatory changes this year, stablecoins and digital assets have entered a new paradigm,” said Alex Treece, co-founder and CEO of Stablecore. “Main Street banks are the most logical, secure home for these assets alongside customers’ existing accounts. Stablecore helps financial institutions retain deposits, create new digital-asset-powered revenue streams, and stay competitive.”

Expanding the Digital Asset Ecosystem

The platform unlocks multiple use cases for banks and credit unions—from instant global payments and treasury management with stablecoins to digital asset custody, exchange, and asset-backed lending. By integrating Stablecore, institutions can attract new customers, grow deposits, and offer modern financial services without disrupting existing operations.

“While much of the innovation in blockchain and digital assets has occurred outside traditional finance, the real impact will be felt when local banks integrate these tools,” said Branden Hansen, President of Bank of Utah. “Stablecore makes this vision a reality, providing safer, faster, and more innovative ways for customers to move money and build wealth.”

Investor Confidence and Strategic Backing

Norwest’s Jordan Leites emphasized the platform’s role in a “generational shift” as stablecoins and digital assets enter mainstream finance. BankTech Ventures’ Carey Ransom highlighted the market demand from partner banks seeking guidance on navigating regulatory changes.

Co-founded by Treece, Nick Elledge, and Eduardo Montemayor, Stablecore plans to use the funding to expand its customer base across the 8,000+ U.S. community and regional banks, as well as hire additional talent to support deployment and innovation.