WA VenueX Network™ is Western Alliance Bank’s 24/7 U.S. dollar (USD) instant settlement network for approved institutional digital asset businesses. Since its initial rollout earlier this year, WA VenueX has processed billions of dollars in transaction volume for stablecoin minting and redemption, institutional digital asset settlement and real-time liquidity rebalancing.

The launch positions Western Alliance Bank among a select group of regulated U.S. financial institutions providing always-on infrastructure for institutional digital asset markets. Additional WA VenueX capabilities, including digital asset custody, financing, tokenization and programmable financial services, are in development and will be introduced in phases over the coming months.