Fiserv to Acquire StoneCastle, Boosting Deposit Network and Stablecoin Offerings
Fiserv, Inc. (NYSE: FI) has announced its intention to acquire StoneCastle Cash Management, a leading U.S. deposit network operator. The acquisition aims to bolster Fiserv's offerings to financial institutions and strengthen its balance sheet.
StoneCastle, known for its institutional-grade distribution platform, will enable Fiserv to access billions of dollars in institutional deposits. This integration will allow Fiserv to become a technology-enabled source of stable, cost-efficient finance for depository institutions.
Fiserv plans to leverage StoneCastle's platform to retain funds associated with FIUSD stablecoin issuance, further enhancing its stablecoin offerings. The acquisition also brings an existing relationship with over 300 Fiserv core banks, which will benefit from integrated insured deposit products.
Keefe, Bruyette & Woods, A Stifel Company, served as StoneCastle's exclusive financial advisor in this deal. The transaction is expected to close by the first quarter of 2026, pending regulatory approvals and customary closing conditions.
Upon completion, the acquisition will enable Fiserv to offer integrated access to other contingent funding solutions for financial institutions. This strategic move is set to fortify Fiserv's position in the market and expand its service offerings to clients.
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