Stablecore has announced a $20 million funding round. The investment, led by Norwest and backed by prominent players like Coinbase Ventures, Curql, BankTech Ventures, Bank of Utah, EJF Ventures, and the Bankers Helping Bankers Fund collectively representing over 290 limited partner banks and credit unions.

Stablecore positions itself as a "digital asset core," a unified platform designed specifically for community and regional banks and credit unions. By seamlessly integrating with existing banking cores and digital services, it allows these institutions to roll out stablecoins, tokenized deposits, and other digital asset products without overhauling their tech infrastructure. This approach grants banks full control, ownership, and flexibility, including the option to collaborate with various digital asset custodians.

Founded by Treece alongside Nick Elledge and Eduardo Montemayor—veterans in digital assets and banking—the company plans to use the fresh capital to expand its reach among the more than 8,000 community and regional financial institutions across the U.S. This includes ramping up hiring to better support its growing clientele.

The platform unlocks a range of applications, from instant global payments and stablecoin-based treasury management to digital asset custody, exchanges, and even asset-backed lending. These features not only create new income streams but also help institutions grow their deposit bases, attract fresh customers, and solidify their role as primary financial providers—all without tech upgrades.

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https://stablecore.com/blog/stablecore-raises-20m-to-power-stablecoins-and-digital-assets-at-regional-and-community-banks