Business Wire·Jul 24, 2026, 8:55 AM ET

Western Alliance Bank Launches WA VenueX™ — Always-On Institutional Liquidity Hub and Financial Platform for the On-Chain Economy

WAL

Western Alliance Bank (NYSE: WAL) formally launched WA VenueX™, an institutional financial platform providing real-time U.S. dollar liquidity & supporting digital asset activity within a regulated banking environment.
The WA VenueX Network™ operates 24/7 as an instant settlement network for approved institutional digital asset businesses, having already processed billions in transaction volume for stablecoin minting, redemption & institutional settlement.
The launch positions Western Alliance among select regulated U.S. financial institutions offering always-on infrastructure for institutional digital asset markets.
Additional capabilities including digital asset custody, financing, tokenization & programmable financial services are in development & will be introduced in phases over the coming months.
WA VenueX addresses the gap between global 24/7 market operations & traditional banking cutoffs by enabling continuous, real-time U.S. dollar settlement without interruption.
Clients such as Coinbase utilize WA VenueX to access reliable, around-the-clock U.S. dollar liquidity within a trusted banking framework to support their 24/7 operating models.
The platform is designed to evolve into a unified institutional financial hub integrating custody, financing & tokenization to help firms manage liquidity across fiat & digital asset markets.
Western Alliance introduced WA VenueX leveraging nearly five years of digital asset banking experience & an existing base of approximately 150 institutional clients, including stablecoin issuers & exchanges.
The network is currently available to select Digital Assets clients with broader capabilities expected to roll out over time via API integration through Western Alliance's Digital Asset Banking team.