Nasdaq’s financial crime detection arm Verafin is partnering with crypto infrastructure company Stablecore to help banks and credit unions monitor fiat and digital-asset activity through a unified system. Stablecore will feed transaction data from products such as stablecoins and tokenized deposits into Verafin, allowing institutions to review on-chain and off-chain fund movements by customer and identify suspicious activity. The service is being beta-tested with selected clients, with deployment planned in stages from the fourth quarter of 2026 through the first quarter of 2027. The companies plan to add real-time sanctions screening at a later stage. Verafin serves more than 2,800 financial institutions, covers about 850 million counterparties and processes approximately 1.8 billion transactions weekly. Nasdaq acquired Verafin for $2.75 billion in 2020. Stablecore provides infrastructure for stablecoins and tokenized deposit products and has raised $20 million led by Norwest, with participation from Coinbase Ventures and others. The partnership addresses monitoring gaps and duplicated compliance costs that can arise when banks use separate systems for fiat and digital-asset activity. Verafin’s client base collectively manages roughly $12 trillion to $13 trillion in assets, and the company has also partnered with BioCatch, Alloy, Q6 Cyber and Fincom through specialized integrations.