Western Alliance Bank (NYSE:WAL) today formally announced the launch of WA VenueX, an institutional financial platform that provides real-time U.S. dollar liquidity and supports digital asset activity within a regulated banking environment.

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.

Dale Gibbons, Western Alliance Vice Chairman and Chief Banking Officer, Deposit Initiatives & Innovation, said:

“Western Alliance Bank is always looking for innovative ways to better serve our clients while advancing the S-curve funding growth strategy we outlined at our Investor Day in May. WA VenueX reflects that approach by delivering scalable, compliant financial infrastructure designed for digital asset businesses that operate around the clock. In addition to providing real-time U.S. dollar liquidity, WA VenueX supports our ongoing deposit remixing efforts, contributing to a more diversified and durable source of funding while further strengthening our position as a leading banking partner to the digital asset industry.”

“WA VenueX brings together real-time USD settlement and a roadmap toward integrated digital asset capabilities within a single platform,” said David Fragale, Senior Managing Director, Digital Assets Group, Western Alliance Bank. “With WA VenueX Network live and already processing billions in transaction volume, clients currently access always-on USD liquidity and can prepare for broader digital asset workflows as the platform evolves. Ultimately, WA VenueX will be a one-stop hub inside the bank for the digital assets ecosystem.”

Global financial markets increasingly operate around the clock, while many traditional banking processes continue to rely on cutoffs, batch processing and business-day settlement windows. WA VenueX Network addresses this gap by enabling continuous, real-time U.S. dollar settlement through Western Alliance Bank, allowing network participants to move capital without interruption and align liquidity with global market activity.