Stablecore is a technology company.
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 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]
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 |
|---|---|---|---|
| Sep 1, 2025 | $20.0M Series A | Norwest Venture Partners, Operate, Summit Partners |