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Stablecore offers a platform for banks and credit unions to provide digital asset products, including stablecoins and tokenized deposits. Its technology integrates with existing banking infrastructures, facilitating digital asset accounts, collateralized lending, and compliant on/off-ramps. This enables institutions to securely manage and transact digital assets while upholding regulatory standards.
The company was co-founded by Alex Treece, Eduardo Montemayor, and Nick Elledge. CEO Alex Treece led digital asset infrastructure at Coinbase and founded Zabo. CTO Eduardo Montemayor held engineering leadership at Coinbase, specializing in digital asset custody. COO Nick Elledge co-founded a data and AI platform; their experience guides traditional finance toward digital assets.
Stablecore serves community and regional banks and credit unions, enabling innovative services for retail and corporate clients. Its mission empowers these institutions to leverage digital assets, tokenization, and blockchain for competitive advantage. The company envisions seamless digital asset integration into traditional banking, modernizing services and enhancing client relevance.
Stablecore has raised $20.0M across 1 funding round.
Stablecore has raised $20.0M in total across 1 funding round.
Stablecore has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Series A in September 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2025 | $20M Series A | — | Norwest Venture Partners, Operate, Summit Partners | Announced |
Stablecore has raised $20.0M in total across 1 funding round.
Stablecore's investors include Norwest Venture Partners, Operate, Summit Partners.
Stablecore is a FinTech platform that serves as a "digital asset core" for community and regional banks and credit unions, enabling them to offer stablecoins, tokenized deposits, digital asset accounts, and related products without overhauling their existing technology infrastructure.[1][2][3] It integrates seamlessly with banking cores and digital services, allowing institutions to retain control over offerings, support use cases like instant global payments, treasury management, digital asset custody, and crypto-collateralized lending, while growing deposits and revenue streams.[2][3] Founded in 2025, Stablecore raised $20M in funding led by Norwest, with participation from Coinbase Ventures and others representing over 290 partner banks, fueling customer expansion across 8,000+ U.S. institutions and team growth.[1][2][6]
The platform addresses the gap for smaller banks entering digital assets post-regulatory changes, providing compliance, security, and flexibility with any custodian or network, no lock-in.[3][5] This empowers "Main Street" institutions to compete in blockchain and tokenization, bringing stablecoins into everyday banking while preserving trust.[1][2]
Stablecore was established in 2025 by co-founders Alex Treece (CEO), Eduardo Montemayor (CTO), and Nick Elledge (COO), all with deep expertise in digital assets, banking infrastructure, and compliance.[2][4][6] Treece previously led digital asset teams at Coinbase and co-founded Zabo (acquired by Coinbase); Montemayor was a Staff Software Engineer at Coinbase with prior roles at BRD (acquired by Coinbase); Elledge co-founded a bank-focused data/AI platform emphasizing privacy and security, with experience in PE/VC.[4]
The idea emerged amid 2025 regulatory shifts making stablecoins permissible for banks, positioning local institutions as secure homes for digital assets alongside traditional accounts.[1][2] Early traction includes the $20M raise shortly after launch, partnerships with investors tied to 290+ banks, and joining the American Fintech Council to advocate responsible innovation.[5][6] This funding marks a pivotal moment, enabling rapid scaling to serve underserved regional players.[1]
Stablecore rides the stablecoin and tokenization wave, accelerated by 2025 U.S. regulatory clarity allowing banks to custody/offer digital assets, shifting innovation from crypto-native players to trusted institutions.[1][2] Timing is ideal: digital assets demand grows for faster/cheaper global payments and yields, but smaller banks lack infrastructure—Stablecore bridges this, pre-integrating with major platforms to pull community institutions onto blockchain rails.[3][7]
Market forces favor it: rising stablecoin adoption for treasury/payments, deposit competition from fintechs, and blockchain's efficiency in reducing settlement/pre-funding.[2][3] By enabling "Main Street" banks to retain primacy and innovate (e.g., crypto lending), Stablecore democratizes access, influences ecosystem trust, and counters big-tech dominance while advancing compliant fintech evolution.[1][5]
Stablecore is poised to capture significant share among 8,000+ U.S. community banks via its plug-and-play model and fresh capital, with hiring and AFC membership accelerating adoption.[1][5] Next steps include team expansion, broader customer onboarding, and product enhancements for emerging rails like tokenized real-world assets. Trends like global stablecoin interoperability, RWA tokenization, and bank-blockchain convergence will propel growth, potentially evolving Stablecore into a standard layer for hybrid finance. As digital assets mainstream, its focus on trusted institutions positions it to redefine local banking's competitiveness, fulfilling the vision of community-driven blockchain innovation.[2][3]
