Fiserv Unveils Real-Time USD Settlement via INDX, Targeting Crypto Infrastructure

Fiserv is expanding its footprint in crypto infrastructure with a new platform, INDX, designed to deliver real-time cash settlements for Digital-Asset firms. The system enables U.S. dollar movements around the clock without the need to move funds on-chain. The move comes as the company reports quarterly results and a cautiously paced outlook for 2026.

Key details at a glance
- Product: INDX (Real-Time Cash Settlement for Digital-Asset Companies)
- USD transfers: 24/7/365, settled in milliseconds, immediate USD availability
- FDIC coverage: up to 25 million USD (via the Fiserv Deposit Network)
- Network: 1,100+ insured U.S. financial institutions
- 2026 outlook: organic revenue growth 1?3%, adjusted EPS 8.00?8.30 USD

INDX: off-chain dollar settlement with real-time settlement
INDX is aimed squarely at Digital-Asset sector participants, offering secure custody and instantaneous USD transfers around the clock. The company?s release notes that institution-facing accounts can benefit from FDIC protection of up to 25 million USD through the Fiserv Deposit Network.

Fiserv emphasizes that cash remains ?off-chain? while settlement occurs in real time. In this way, INDX could serve as an alternative to moving funds through traditional banking rails or to on-chain transfers.

Co-President Takis Georgakopoulos highlighted the strategic fit: INDX advances the broader integration strategy stemming from StoneCastle?s incorporation into the Fiserv ecosystem, with insured deposit solutions at the core.

Quarterly results, guidance ? and cautious targets
The INDX launch follows Fiserv?s fourth-quarter 2025 results. Reuters reports that the company beat consensus estimates, and the stock rose about 5% following the release.

Key quarterly metrics include:
- GAAP revenue: up 1% to 5.28 billion USD
- Merchant Solutions: +2%
- Financial Solutions: -2%
- GAAP revenue for the full year 2025: 21.19 billion USD, up 4%

For 2026, Fiserv projects organic revenue growth of 1?3% and an adjusted earnings per share range of 8.00?8.30 USD.

Wall Street reaction was mixed: B. Riley Financial trimmed its price target to 72 USD (rating still neutral), while UBS lowered theirs to 70 USD (neutral). Management describes 2026 as a ?transition year,? emphasizing product modernization under OneFiserv and tighter cost discipline.

Strategic underpinnings: StoneCastle as a foundation
INDX builds on Fiserv?s December 2025 acquisition of StoneCastle Cash Management. The platform?s stated target audience is institutional players within the Digital-Asset market, including:
- Real-time transfers around the clock
- Settlement in milliseconds with immediate USD availability
- API access for programmable capabilities
- Expanded FDIC protection via distributed deposits

For Community Banks and Credit Unions within the Fiserv Deposit Network, the solution is positioned to create a new, diversified deposit base.

Market context
Yahoo Finance notes that the Fiserv stock has been volatile over the past year and has retraced from earlier highs. In the same vein, Reuters characterized 2025 as a "bumpy" year, shaped by leadership changes and revised growth expectations.

Overall, INDX represents a strategic extension of Fiserv?s crypto-infrastructure capabilities, anchored by the StoneCastle acquisition and designed to deliver real-time USD settlement for institutional Digital-Asset participants, while 2026 guidance remains modestly constructive with a focus on core platform modernization and disciplined cost management.