Stablecore

About Stablecore

Stablecore provides a platform that enables community and regional banks and credit unions to offer products like stablecoins, tokenized deposits, and digital assets. Founded in 2025 by Alex Treece (CEO), Nick Elledge (COO), and Eduardo Montemayor (CTO), the Dallas-based company aims to bridge traditional banking with blockchain technology. The founding team possesses deep expertise in digital assets, banking, and enterprise technology, with prior leadership roles at companies like Coinbase and in private equity.

The company's main offering is a "digital asset core," a platform that integrates with existing banking core and digital banking systems. This allows financial institutions to manage and offer digital asset products without overhauling their current technology infrastructure. The platform is designed to be provider-agnostic, integrating with major custodians, exchanges, and stablecoin providers to give clients flexibility. Use cases include cross-border payments, treasury management, digital asset investing for retail clients, and digital asset-collateralized lending. By facilitating these services, Stablecore helps financial institutions retain deposits that might otherwise move to external crypto platforms, create new non-interest income streams, and stay competitive.

Stablecore's business model is centered on providing this integrated platform to the more than 8,000 regional and community banks and credit unions in the U.S. In September 2025, the company announced it had raised $20 million in a funding round led by Norwest, with participation from Coinbase Ventures, BankTech Ventures, and others representing hundreds of partner banks. This funding followed the passage of the GENIUS Act in July 2025, which established a regulatory framework for payment stablecoins in the U.S. and made them a permissible activity within banking.