Fiserv Digital Asset Platform Goes Live with Financial Institution Clients, Advancing Stablecoin-Powered Banking and Payments

Roughrider Coin gives more than 90 participating North Dakota banks and credit unions a tool for bank-to-bank transactions.

Rhea-AI Summary

Fiserv (FISV) has launched its digital asset platform with financial institution clients, bringing stablecoin-enabled banking and payments into production. Its first live use case is Roughrider Coin, Bank of North Dakota’s dollar-backed stablecoin for interbank money movement. VersaBank issues the coin, Fireblocks supplies digital asset infrastructure and tokenization services, and transactions run on the Solana blockchain.

Positive

• Minor pointDigital asset platform is live with financial institution clients, moving stablecoin-enabled services into production.
• Minor pointRoughrider Coin deployment serves more than 90 participating North Dakota banks and credit unions.

Negative

• None.

News Explained

Bank of North Dakota is using Fiserv’s platform for Roughrider Coin’s issuance, reserve, custody and settlement, and more than 90 participating North Dakota banks and credit unions will access the coin through Fiserv’s Commercial Center.

Key Figures

Participating institutions: More than 90 banks and credit unions

Participating institutions

More than 90 banks and credit unions

North Dakota institutions with access to Roughrider Coin

Key Terms

stablecoin, tokenization, blockchain, tokenized deposits

4 terms

stablecoin financial

"dollar-backed stablecoin designed to enable more efficient money movement"

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

tokenization technical

"secure digital asset infrastructure and tokenization services"

Tokenization is the process of converting real-world assets or rights into digital tokens stored on a computer network. This allows assets, such as property or investments, to be divided into smaller parts, making them easier to buy, sell, or transfer electronically. For investors, tokenization can increase access to a wider range of investments and make transactions faster and more efficient.

blockchain technical

"transactions are processed on the Solana blockchain"

A blockchain is a digital record-keeping system that securely stores information across many computers, making it difficult to alter or tamper with. Think of it like a shared, unchangeable ledger that everyone can see and verify, ensuring transparency and trust. For investors, this technology offers a way to securely track transactions and assets without relying on a central authority, potentially reducing costs and increasing security.

View in glossary

tokenized deposits financial

"The platform also supports tokenized deposits"

Digital tokens that represent traditional bank deposits held at a regulated institution, recorded on a blockchain-like system so each token is a claim on the underlying cash. They matter to investors because they can speed up transfers, enable new trading and lending services, and increase transparency much like converting paper money into an instantly transferable digital voucher, while still carrying banking and regulatory risks tied to the issuer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Bank of North Dakota’s Roughrider Coin is the first live use case on the platform, supported by VersaBank, Solana and Fireblocks

MILWAUKEE, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today announced that its digital asset platform is live with financial institution clients, marking a significant milestone in the commercialization of stablecoin-enabled banking and payments.

The platform’s first live use case is Roughrider Coin, Bank of North Dakota’s dollar-backed stablecoin designed to enable more efficient money movement across the state’s interbank network. VersaBank serves as issuer for Roughrider Coin, Fireblocks is providing secure digital asset infrastructure and tokenization services, and transactions are processed on the Solana blockchain.

“The launch of our digital asset platform is an important milestone for Fiserv and the financial institutions we serve,” said Sunil Sachdev, Head of Embedded Finance and Digital Assets at Fiserv. “By moving from concept to production with leading institutions, we are helping clients unlock new efficiencies in banking and payments while maintaining the trust, security and regulatory standards they expect.”

Participating banks and credit unions will access Roughrider Coin through Commercial Center, Fiserv’s commercial online banking system that financial institution clients rely on today for traditional interbank money movement.

Roughrider Coin Launches as First Live Use Case

Bank of North Dakota is using the Fiserv platform’s issuance, reserve, custody and settlement infrastructure to deploy Roughrider Coin across the state’s banking and payments workflows. The dollar-backed stablecoin gives more than 90 participating banks and credit unions in North Dakota a more efficient way to conduct bank-to-bank transactions while establishing a foundation for additional digital money use cases.

“Bank of North Dakota proudly works alongside our financial partners to strengthen agriculture, commerce and industry across our state,” said Don Morgan, chief executive officer of Bank of North Dakota. “Launching Roughrider Coin with Fiserv builds on that legacy by giving our partner community banks and credit unions a new tool to move money more efficiently across North Dakota’s interbank network. We are proud to lead this next chapter in banking innovation while supporting the continued strength, resilience and relevance of North Dakota’s financial industry.”

VersaBank, a North American leader in business-to-business digital banking and digital asset technology, issues Roughrider Coin and provides custody services. Its role includes minting, burning, custody and reserve asset management—core functions that enable financial institutions to operate stablecoins within a nationally regulated framework.

“VersaBank is proud to partner with Fiserv to build and operate the first product on its digital asset platform,” said David Taylor, Founder and President, VersaBank. “Pairing Fiserv’s scale with VersaBank’s regulated digital asset capabilities gives the industry a trusted foundation to bring stablecoins into established banking and payment systems.”

The Fiserv Digital Asset Platform helps financial institutions, corporates, marketplaces and fintechs enable emerging stablecoin use cases, including stablecoin card issuance, cross-border payments, programmable commerce and treasury automation. The platform also supports tokenized deposits, global currency account services, including U.S. dollar accounts for financial institutions worldwide.

About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news. 

For more information contact:

Media Relations:
Chase Wallace
Director, External Communications
Fiserv
chase.wallace@fiserv.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the first live use case on Fiserv’s digital asset platform?

The first live use case is Roughrider Coin, Bank of North Dakota’s dollar-backed stablecoin for interbank transactions. VersaBank issues the coin, Fireblocks provides digital asset infrastructure and tokenization services, and transactions are processed on Solana.

What functions does VersaBank provide for Roughrider Coin on Fiserv’s platform?

VersaBank handles issuance, custody and reserve asset management for Roughrider Coin. Its responsibilities include minting and burning, meaning creating and removing coins, alongside holding assets and managing the reserves.