North Dakota’s Roughrider Coin Goes Live on Fiserv and Solana

More than 90 banks and credit unions across North Dakota will be able to access Roughrider Coin through Firsev's Commercial Center platform. Milwaukee-based Fiserv announced on October 1 that its digital asset platform is live with financial institutional clients, and Bank of North Dakota’s Roughrider Coin is the first product running on it. The dollar-backed stablecoin settles on Solana and gives more than 90 banks and credit unions in the state a new way to move money between each other. Roughrider Coin Runs on Solana Inside Fiserv’s Banking Platform Bank of North Dakota is using Fiserv’s issuance, reserve, custody, and settlement infrastructure to roll the coin out across the state’s banking and payments workflows. Participating institutions will reach it through Commercial Center, the commercial online banking system Fiserv’s clients already use for traditional interbank transfers. VersaBank will issue Roughrider Coin and handle custody, a job that includes minting, burning, and managing the reserve assets. Fireblocks supplies the digital asset infrastructure and tokenization services, while transactions are processed on the Solana blockchain. Sunil Sachdev, Firsev’s head of em...