TradFi giant Fiserv builds real-time dollar rails for crypto companies
Summary
Fiserv has introduced a 24/7/365 settlement platform for digital asset companies, designed to minimize banking friction and enhance liquidity in US dollars, marking a significant advancement in the financial technology landscape.
Key Insights
What is INDX and how does it work for digital asset companies?
INDX is a real-time cash settlement platform launched by Fiserv that enables digital asset companies to securely store and transfer US dollars 24/7/365 in milliseconds using a single custodial account distributed across the Fiserv Deposit Network of over 1,100 insured US financial institutions, keeping funds off-chain within traditional banking systems.
What makes INDX safer and more reliable than traditional crypto fiat operations?
INDX provides up to $25 million in FDIC insurance eligibility per custodial account—100 times more than standard accounts—through distribution across insured institutions, ensures final settlement in milliseconds without on-chain risks, and offers programmable APIs for institutional controls, all while staying within regulated US banking networks.