Circuit, DaLand Give Credit Unions a Direct Path to Bitcoin

Bitcoin Magazine

Circuit, DaLand Give Credit Unions a Direct Path to Bitcoin

Credit unions now have a production-ready path to offer Bitcoin and other digital asset services without relying on outside platforms after DaLand CUSO and Circuit, an 80-member credit union collaborative, announced that Circuit’s Digital Asset Initiative has moved into implementation.

The program grants participating institutions access to DaLand’s CODE Engine and Coin2Core technology, which integrates digital asset capabilities directly into core banking systems from Corelation KeyStone, Fiserv DNA, and Jack Henry Symitar. Under what DaLand calls a “Hybrid Custody” model, credit unions retain custody, member relationships, and data rather than routing customers to third-party crypto platforms.

Three credit unions are already live on the platform: St. Cloud Financial Credit Union, which issued its own stablecoin, $CLDUSD; Canvas Credit Union, a $5 billion institution that became a DaLand owner after deployment; and Blaze Credit Union, which also invested as an owner. Together, DaLand says its production footprint now covers credit unions representing more than $10 billion in combined assets.

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