ClearBank, which provides real-time clearing and embedded banking, has adopted a new platform to support stablecoin-related services for its clients.

The technology has been installed in partnership with Taurus, a digital asset infrastructure provider.

ClearBank said the platform will enable it to improve its digital asset strategy in a secure, saleable and compliant way as well as provide infrastructure for its digital wallet.

Last October, ClearBank signed an agreement with FinTech firm Circle to collaborate on a range of stablecoin initiatives in the European market.

The bank also became the first European bank to join the Circle Payment Network to enable its clients to move digital assets across the globe.

The new platform will integrate with Circle’s Mint platform, which will allow ClearBank to mint and redeem MiCAR-compliant USDC and EURC.

“As our clients explore digital assets, they expect the same standards of security, resilience, and governance that they receive from our existing services,” said Mark Fairless, chief executive at ClearBank.

He went on to say that the new platform will give the company the “robust and compliant” digital asset solutions it needs, adding that the technology will help it bring new, innovative services to our clients and help shape the future of payments.

In November, ClearBank also rolled out a new unified reconciliation platform.

The technology, developed by AutoRek, handles both transactional and cash reconciliation across multiple payment schemes, enabling real-time visibility and reporting.

The bank said the platform will enable it to transform its financial operations infrastructure, moving from time-consuming processes to rapid configuration of complex reconciliations.

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