Fiserv has launched its digital asset platform with live banking clients as financial institutions increasingly explore stablecoins to improve payment efficiency and reduce settlement times.
Sunil Sachdev, head of embedded finance and digital assets at Fiserv, said the launch marks a major step in bringing stablecoins into mainstream banking operations.
“By moving from concept to production with leading institutions, we are helping clients unlock new efficiencies in banking and payments while maintaining the trust, security and regulatory standards they expect,” he said.
The payments technology giant said the first live application on the platform is Roughrider Coin, a dollar-backed stablecoin developed by the Bank of North Dakota to streamline money movement across the state’s interbank network.
More than 90 banks and credit unions in North Dakota will be able to access the stablecoin through Fiserv’s Commercial Center online banking platform, allowing institutions to use digital asset infrastructure through systems they already rely on for traditional payments.
Roughrider Coin is issued by VersaBank, while Fireblocks provides tokenisation and digital asset infrastructure services. Transactions are processed on the Solana blockchain.
Bank of North Dakota is using Fiserv’s technology for issuance, custody, reserve management and settlement functions, creating what the organisations describe as a foundation for broader digital money applications.
Don Morgan, chief executive of Bank of North Dakota, said the initiative would help community banks and credit unions move money more efficiently while supporting the long-term competitiveness of the state’s financial sector.
The launch represents a significant commercial milestone for Fiserv, one of the world’s largest providers of payments and banking technology, as it seeks to bring stablecoin capabilities to traditional financial institutions.
Industry interest in stablecoins has accelerated over the past year as clearer regulatory frameworks and growing demand for faster cross-border payments encourage financial institutions to explore blockchain-based settlement. Research published by Boston Consulting Group this year found real-economy stablecoin payments are growing rapidly, particularly in business-to-business transactions, despite still representing a small share of the wider global payments market.
Fiserv said its platform will also support tokenised deposits, stablecoin card programmes, treasury automation and global currency account services in future.
