Nasdaq Subsidiary Verafin Partners with Stablecore to Track Crypto Transactions

Nasdaq subsidiary Verafin, which provides enterprise financial crime management solutions, announced on the 15th that it is partnering with cryptocurrency infrastructure company Stablecore to develop a system that tracks both traditional bank transactions and stablecoin and other digital asset trading. The system integrates Stablecore's crypto transaction data with bank customer information through Verafin to detect suspicious activity. Currently in pilot testing with select clients, the companies plan to expand the system to all their customers by the fourth quarter of this year or first quarter of next year, adding real-time sanctions screening capabilities afterward.