Versabank Partners with Fiserv to Provide Critical Digital Asset Technology and Custody/Reserve Management Services for Bank of North Dakota's Roughrider Stablecoin
Key Highlights
- ➤VersaBank (VBNK) partners with Fiserv to provide Roughrider Coin technology and custody services
- ➤VersaBank (VBNK) serves as issuer, handling minting, burning, custody and reserve asset management
- ➤Roughrider Coin is now live as Fiserv Digital Asset Platform’s first product
- ➤Roughrider Coin enables bank-to-bank payments across more than 90 North Dakota institutions
Expert Statements
David Taylor, Founder and President of VersaBank
“We are immensely proud to partner with Fiserv, the premier provider of technology to U.S. financial institutions, and thrilled to play this crucial role in building and operating Roughrider Coin.”
David Taylor, Founder and President of VersaBank
“Our invitation to join Fiserv and Bank of North Dakota in this groundbreaking advancement of digital assets for the banking industry is a clear validation of our proprietary technology, expertise and capabilities in a real-world scenario, and underscores our fundamental belief that developing and operating digital asset technology in a nationally regulated framework is core to long-term success.”
Sunil Sachdev, Head of Embedded Finance and Digital Assets at Fiserv
“The launch of our digital asset platform is an important milestone for Fiserv and the financial institutions we serve, and our strong collaboration with VersaBank was critical in moving our first use case, Roughrider Coin, from concept to production.”
Sunil Sachdev, Head of Embedded Finance and Digital Assets at Fiserv
“We look forward to working with the incredible team at VersaBank on this important initiative for our company, as well as to continuing to collaborate with VersaBank for additional potential opportunities in this rapidly developing sector.”
- Partnership Validates Bank's Proprietary Digital Asset Technology and Capabilities for Commercial Activities in a Regulated Bank Environment -
London, Ontario--(Newsfile Corp. - October 1, 2026) - VersaBank (TSX: VBNK) (NASDAQ: VBNK) (the "Bank"), a North American leader in business-to-business digital banking, digital asset technology and technology solutions for cybersecurity, today announced that through its wholly owned subsidiary, VersaBank USA, N.A., it has partnered with Fiserv, Inc., a leading global provider of payments and financial services technology, to provide its proprietary digital asset technology and custody services for the development and operation of Bank of North Dakota's dollar-backed stablecoin, Roughrider Coin (the "Partnership"), the first live use case of Fiserv's Digital Asset platform. Specifically, VersaBank is serving as issuer of Roughrider Coin, with responsibility for the critical roles of minting, burning, custody and reserve asset management. Fiserv has partnered with the Bank of North Dakota to launch Roughrider Coin, which is the first product on the Fiserv Digital Asset Platform, and which is now live.
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