Stablecore joined the Jack Henry Fintech Integration Network (FIN), giving several thousand financial institutions in the U.S. access to stablecoin and digital asset solutions.
Stablecore, a provider of digital asset management solutions for banks and credit unions, announced integration with the open ecosystem and API framework from Jack Henry & Associates, Inc., a technology solutions and payment processing provider for financial institutions.
Jack Henry is a publicly traded S&P 500 FinTech company serving around 7,400 clients.
Integration with the Jack Henry Fintech Integration Network (FIN) will allow roughly 1,670 banks and credit unions that are Jack Henry clients, as well as over 1,000 financial institutions on the Banno Digital Platform, to launch products using stablecoins and other digital assets directly within existing banking infrastructure.
Through the Jack Henry FIN infrastructure, banks and credit unions will be able to:
- open stablecoin accounts;
- conduct and receive payments 24/7/365;
- comply with the GENIUS Act regulations;
- open digital asset custody accounts with deposit and withdrawal capabilities via digital banking;
- provide loans secured by digital assets;
- tokenize deposits and other financial instruments, including treasuries, loans, and securities;
- earn staking rewards on assets such as ETH and SOL.
As part of the collaboration, Stablecore gained the ability to connect directly to SilverLake and Symitar systems, which provide built-in digital asset functionality within the Banno Digital Platform and other digital banking interfaces. Interaction management is handled through a service layer that controls access and ensures proper data exchange between systems in compliance with regulatory requirements.
According to Alex Treece, Co-Founder and CEO of Stablecore, banks and credit unions see stablecoins and tokenized assets as the next stage in financial services, but their adoption requires technology infrastructure compatible with existing core banking and digital systems.
Previously, the U.S. Office of the Comptroller of the Currency (OCC) officially allowed national banks to process risk-free crypto transactions. At the same time, the American Bankers Association advocates banning yield-generating products based on stablecoins.
