Fiserv Introduces INDX, a Real-Time Cash Settlement Platform for Digital Asset Companies

Rhea-AI Summary

Fiserv (NASDAQ: FISV) launched INDX, a real-time cash settlement platform for digital asset companies that enables 24x7x365 USD settlement while keeping funds off-chain.

INDX offers a single custodial account with eligibility for up to $25 million of FDIC insurance, distributes deposits across the Fiserv Deposit Network of >1,100 US institutions, and follows Fiserv's December 2025 acquisition of StoneCastle.

Positive

• $25M FDIC insurance eligibility for custodial accounts
• 1,100+ US-based institutions in the Fiserv Deposit Network
• 24x7x365 real-time, final USD settlement in milliseconds
• Single custodial account model for digital asset companies
• Programmable APIs for institutional-grade controls and integrations
• StoneCastle acquisition (Dec 2025) expands deposit funding capabilities

Negative

• INDX is not FDIC/NCUA insured; it is an agent and not a depository institution
• Pass-through insurance requires certain conditions to be satisfied for coverage
• Custody dependence on affiliated SC Trust Co. for custodial services

News Market Reaction

-5.30%

1 alert

-5.30% News Effect

On the day this news was published, FISV declined 5.30%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

FDIC insurance coverage: $25 million Deposit network size: more than 1,100 institutions Traditional insurance multiple: 100x +1 more

4 metrics

FDIC insurance coverage $25 million Maximum FDIC insurance eligibility for INDX custodial balances

Deposit network size more than 1,100 institutions Insured US-based financial institutions in the Fiserv Deposit Network

Traditional insurance multiple 100x FDIC insurance multiple vs a traditional account for INDX balances

Availability 24x7x365 Real-time USD settlement and transfer window for INDX

Market Reality Check

Price: $59.36 Vol: Volume 10,048,723 is slig...

normal vol

$59.36 Last Close

Volume Volume 10,048,723 is slightly below the 20-day average of 10,291,963 (relative volume 0.98). normal

Technical Shares at 62.11 are trading well below the 200-day MA of 126.18 and 64.6% below the 52-week high.

Historical Context

5 past events · Latest: Feb 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 10	Q4/FY25 earnings	Positive	+4.1%	Reported 2025 revenue and EPS growth with 2026 organic guidance and buybacks.
Feb 03	Macro data update	Negative	-7.7%	Small Business Index showed weather-driven slowdown in sales and foot traffic.
Jan 27	Zelle network growth	Positive	-1.3%	Reported 337 new Zelle institutions and expansion across 46 U.S. states.
Jan 26	Affirm BNPL deal	Positive	-0.6%	Exclusive collaboration with Affirm to add debit BNPL for bank clients.
Jan 21	Clover Japan launch	Positive	+1.9%	Partnership with Sumitomo Mitsui to launch Clover in Japan by late 2026.

Pattern Detected

Mixed reactions: earnings and major partnerships often saw positive or modest moves, while macro/sector data sometimes coincided with sharper declines.

Recent Company History

Over the last month, Fiserv announced several strategic initiatives alongside earnings. On Jan 21, it expanded the Clover platform to Japan, followed by a BNPL-focused collaboration with Affirm on Jan 26 and Zelle network growth on Jan 27. A small-business index update on Feb 3 highlighted weather-driven softness. Earnings on Feb 10 showed $21.19B 2025 revenue and solid EPS growth. Today’s INDX launch continues the theme of expanding real-time, bank-connected payment capabilities for institutional and digital-asset clients.

Market Pulse Summary

The stock moved -5.3% in the session following this news. A negative reaction despite the INDX launc...

Analysis

The stock moved -5.3% in the session following this news. A negative reaction despite the INDX launch would fit periods where positive partnership or product news coincided with weaker stock performance. Past announcements around Zelle and BNPL saw limited or negative moves, suggesting execution or macro concerns sometimes outweighed strategic updates. In such a scenario, investors would likely focus on overall growth guidance, competitive intensity in payments, and how quickly new platforms like INDX could scale adoption.

Key Terms

digital asset companies, custodial account, fdic insurance, ncua, +2 more

6 terms

digital asset companies financial

"a real-time cash settlement platform that helps digital asset companies securely store"

Companies that create, trade, store or manage digital assets such as cryptocurrencies, tokens, or other blockchain-based instruments. Think of them as the banks, exchanges and asset managers of the digital-money world; they make money from trading fees, custody services, mining or token issuance and are important to investors because their revenues and valuations can swing widely with asset prices, technology changes and regulatory decisions.

custodial account financial

"digital asset companies can leverage a single custodial account that benefits from up"

A custodial account is an investment or bank account opened and managed by an adult (the custodian) for the benefit of someone who cannot legally control assets, typically a minor. Think of it as a wallet held by a trusted guardian until the beneficiary reaches a legal age: it lets you save and invest on someone’s behalf, affects who makes decisions and who pays taxes, and determines when control of the assets transfers to the beneficiary—details investors watch for tax consequences, ownership rules, and timing of control.

fdic insurance regulatory

"account that benefits from up to $25 million of FDIC insurance, delivering a safer"

FDIC insurance is a government-backed protection that guarantees bank deposit accounts up to a set dollar limit, so savers get their money back if a covered bank fails. It matters to investors because it lowers the risk of holding cash at insured banks, supports confidence in the banking system (like a safety net under a tightrope), and influences decisions about where to park short-term funds or assess the stability of financial institutions.

ncua regulatory

"Neither INDX Processing, LLC (“INDX”) nor its affiliates is an FDIC or NCUA insured"

The National Credit Union Administration (NCUA) is a U.S. federal agency that supervises and insures credit unions, acting like a government watchdog and an insurance backstop for members’ deposits. Investors pay attention to NCUA actions because its rules, safety exams and changes to the insurance fund can affect credit unions’ stability and profitability, which in turn can influence firms that lend to, insure, or provide services to those credit unions—much like severe weather affecting a region’s businesses.

pass-through insurance coverage regulatory

"Certain conditions must be satisfied for “pass-through” insurance coverage to apply."

Pass-through insurance coverage is a policy structure where payments, costs or reimbursements are forwarded directly from one payer to the policyholder or service provider instead of being retained or adjusted by the insurer. For investors, this matters because it affects who ultimately bears cost variability and cash flow timing—similar to a courier delivering a payment straight to the recipient—so it can change revenue predictability, expense exposure and the economics of services tied to that coverage.

api technical

"Take advantage of programmability through real-time API access to include institutional"

An API, or Application Programming Interface, is a set of rules that allows different software programs to communicate and work together smoothly, much like a waiter translating your order into the kitchen and then bringing your meal back. For investors, APIs are important because they enable real-time access to financial data, trading systems, and other digital services, making it easier to make informed decisions quickly and efficiently.

AI-generated analysis. Not financial advice.

With every dollar distributed throughout the Fiserv Deposit Network, INDX will bring additional deposits to Fiserv community bank and credit union clients

MILWAUKEE, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today announced the launch of INDX, a real-time cash settlement platform that helps digital asset companies securely store and transfer US dollars in real-time 24x7x365. With INDX, digital asset companies can leverage a single custodial account that benefits from up to $25 million of FDIC insurance, delivering a safer and more durable solution to store and transfer real USD.

Rather than routing funds outside of traditional banking systems or pushing funds on-chain, INDX is redefining fiat operations for digital asset companies by distributing their funds across the Fiserv Deposit Network, an ecosystem of more than 1,100 insured US-based financial institutions. This keeps cash securely off-chain while delivering the real-time settlement speed and flexible operating windows demanded by digital asset companies.

For community banks and credit unions within the Fiserv Deposit Network, diversified deposit sources like those managed by INDX, create a new pipeline of cost-efficient, stable, and granular deposits.

“INDX advances the strategic vision behind bringing StoneCastle into the Fiserv ecosystem, combining our unique position at the intersection of banking and commerce with proven insured-deposit funding solutions to create differentiated value for our clients,” said Takis Georgakopoulos, Co-President at Fiserv. “For the first time, digital asset companies have a settlement engine to move real fiat US dollars in a manner that is faster, more secure, scalable, and fully programmable.”

Designed for the needs of institutional traders, INDX provides digital asset companies with the ability to:

• Institutional Grade Accounts: Open a secure and accessible custodial account, from our affiliated US-based trust company.
• Faster Transfers: Transact with counterparties in milliseconds, 24x7x365 where every transfer is final and instantly available in USD. 
• Structurally Safer: Through Fiserv’s deposit network, balances are eligible for up to $25 million of FDIC insurance, which is 100x more than a traditional account.
• Fully Programmable: Take advantage of programmability through real-time API access to include institutional grade controls and integrations.
  
  

Fiserv’s strategic acquisition of StoneCastle in December 2025 continues to elevate offerings for innovative deposit funding solutions.

Learn more about INDX at www.indxco.com.

Neither INDX Processing, LLC (“INDX”) nor its affiliates is an FDIC or NCUA insured institution nor offers deposit products. INDX acts as agent for its customers in conjunction with its affiliated entity SC Trust Co. that provides custodial services. Certain conditions must be satisfied for “pass-through” insurance coverage to apply. Find more information regarding INDX, its affiliated trust company and other important disclosures at www.indxco.com.

About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, moves more than money. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and Clover^®, the world’s smartest point-of-sale system and business management platform. Fiserv is a member of the S&P 500^® Index and one of TIME Magazine’s Most Influential 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, Communications Fiserv, Inc. +1 470-481-2555 Chase.Wallace@fiserv.com	Additional Contact: Melissa Moritz Vice President, External Communications Fiserv, Inc. +1 516-410-1188 Melissa.Moritz@fiserv.com

FAQ

What is INDX from Fiserv (FISV) and who is it for?

INDX is a real-time cash settlement platform for institutional digital asset firms, enabling 24x7x365 USD settlement. According to Fiserv, it provides a single custodial account, programmatic APIs, and off-chain distribution across a deposit network of over 1,100 US institutions.

How does the up to $25 million FDIC insurance work for INDX custodial accounts (FISV)?

Custodial balances are eligible for up to $25 million of FDIC insurance through the deposit network. According to Fiserv, coverage is achieved via pass-through insurance across participating banks and requires certain conditions to apply.

Is INDX itself FDIC insured or a bank (FISV)?

No, INDX is not an FDIC or NCUA insured institution and does not offer deposit products. According to Fiserv, INDX acts as agent alongside affiliated SC Trust Co., which provides custodial services and enables pass-through insurance when conditions are met.

How will INDX affect community banks and credit unions in the Fiserv Deposit Network (FISV)?

INDX will distribute deposits across the network, creating diversified, granular deposit inflows for community banks and credit unions. According to Fiserv, this provides a new pipeline of cost-efficient, stable deposits for more than 1,100 participating US institutions.

What role did the StoneCastle acquisition play in Fiserv's INDX launch (FISV)?

The StoneCastle acquisition (Dec 2025) supported the platform's insured-deposit funding capabilities and strategic vision. According to Fiserv, combining StoneCastle's capabilities with Fiserv's network enabled the differentiated insured-deposit solution behind INDX.