Fiserv Launches INDX for Instant USD Transfers with $25M FDIC Coverage
Fiserv launched INDX, a 24x7x365 real-time cash settlement platform allowing digital asset firms to transfer US dollars instantly through custodial accounts with up to $25 million FDIC insurance. Funds are distributed across Fiserv’s Deposit Network of over 1,100 insured US banks.
1. INDX Platform Overview
Fiserv’s INDX platform enables digital asset companies to securely store and transfer US dollars in real time, 24x7x365. Institutional-grade custodial accounts are provided through an affiliated US trust company, offering up to $25 million of FDIC insurance per account—100 times coverage of a traditional bank account.
2. Deposit Network Distribution
Instead of routing funds on-chain, INDX distributes cash off-chain across the Fiserv Deposit Network, which comprises more than 1,100 insured US-based financial institutions. This diversification creates a stable, granular deposit pipeline for community banks and credit unions within the network.
3. Strategic Implications
The launch builds on Fiserv’s December 2025 acquisition of StoneCastle, extending digital asset settlement capabilities and programmable API controls. By addressing real-time fiat operations, Fiserv aims to attract institutional crypto firms and boost service revenue while reinforcing its position at the intersection of banking and digital commerce.