Nasdaq's (NDAQ) financial crime management unit Nasdaq Verafin and Stablecore said Tuesday that they have formed a partnership to combine traditional banking and digital asset transaction data to help financial institutions detect financial crimes.

Under the partnership, the companies said Stablecore's digital asset transaction activity data will be integrated into the Nasdaq Verafin platform to provide banks and credit unions with a consolidated view of activity across traditional and digital asset channels.

The companies said Stablecore will hold digital asset and transaction information without storing personally identifiable information, while customer and account data will remain in the core banking system.

The integration is currently in beta, with plans to roll out to mutual customers in Q4 as well as in Q1 of 2027, the companies said. Financial terms were not provided.

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