Circuit and DaLand have rolled out a production-ready path for credit unions to offer Bitcoin and digital asset services directly through their existing core banking systems. Three credit unions are already live on the platform, including St. Cloud Financial Credit Union, which has issued its own stablecoin $CLOUD. The move comes as federal digital-asset legislation like the GENIUS Act pushes financial institutions to formalize crypto strategies.
How it works
DaLand's CODE Engine and Coin2Core technology plug directly into core banking systems from Corelation KeyStone, Fiserv DNA, and Jack Henry Symitar. That means credit unions don't have to route members to outside crypto platforms. Instead, DaLand's 'Hybrid Custody' model lets them keep custody, member relationships, and data in-house. It's a shift from the typical rent-a-platform approach.
Who's on board
Three credit unions are already live. St. Cloud Financial Credit Union issued its own stablecoin, $CLOUD. Canvas Credit Union, a $5 billion institution, became a DaLand owner. Blaze Credit Union also invested as an owner. Combined, DaLand's production footprint now covers credit unions with more than $10 billion in assets.
Why credit unions are moving
Canvas CIO David Pierce said the credit union wanted infrastructure it could own rather than rent. Blaze's Justin Burleson, a former NCUA official, said the credit union wanted digital asset activity to remain visible to examiners, boards, and members. Circuit's Chief Strategy Officer Ethan Cunningham put it simply: 'Innovation moves faster when credit unions share what they’re learning.'
Circuit spent the past year building educational programming around digital assets. Phase 2 marks a shift toward hands-on evaluation. With the GENIUS Act and other federal digital-asset legislation now law, more credit unions are expected to take a hard look at the platform. The three live institutions will serve as a test case for broader adoption.
