DaLand and Circuit Enable Credit Unions to Offer Bitcoin Services

Credit unions can now provide Bitcoin and digital asset services directly after DaLand CUSO and Circuit announced the implementation of Circuit's Digital Asset Initiative. This program allows credit unions to access DaLand's CODE Engine and Coin2Core technology, integrating digital asset capabilities into core banking systems from Corelation KeyStone, Fiserv DNA, and Jack Henry Symitar. Under DaLand's 'Hybrid Custody' model, credit unions maintain custody, member relationships, and data without relying on third-party platforms. Three credit unions are already operational on the platform: St. Cloud Financial Credit Union, which issued its own stablecoin CLDUSD; Canvas Credit Union, a 5 billion dollar institution that became a DaLand owner; and Blaze Credit Union, which also invested as an owner. DaLand reports that its production footprint now includes credit unions with over 10 billion dollars in combined assets. This announcement coincides with the GENIUS Act and other federal digital-asset legislation encouraging financial institutions to formalize their crypto strategies. Executives emphasized the transition from studying digital assets to actual deployment. Circuit has spent the past year developing educational programs around digital assets, with Phase 2 focusing on hands-on evaluation. Credit unions interested in joining can contact either organization directly.

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