Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
FIS Launches Lyriq Platform For Bank Issued Digital Money
Apr 29, 2026 | NCFA Fintech Market Activity | Digital Assets Blockchain And Tokenization
FIS Launches Lyriq Platform For Bank Issued Digital Money
On Apr 29, 2026, FIS launched Lyriq, a platform that allows banks to issue and manage tokenized deposits and digital money while keeping funds on balance sheet.
Lyriq connects with core banking systems and supports continuous settlement. Transactions are designed to either complete fully or fail, which reduces reconciliation work and gives banks clearer control over how payments move across systems. The platform enters limited availability after seven financial institution proofs of concept and multiple CBDC program engagements, including one moving toward pre-production.
See: Adyen Expands Control Across Enterprise Money Flow
The design focuses on production use. Identity, access control, compliance, and audit functions are built into the platform, allowing banks to run digital money flows within existing regulatory and operational frameworks rather than layering controls afterward.
Jim Johnson, Co-President of Banking Solutions, FIS:
“Lyriq is production-ready infrastructure that, combined with our deep expertise integrating bank technology, puts banks in control of money in motion. Lyriq is a platform proven with financial institutions - one that meets banks and regulators where they are.”
Lyriq is part of a broader set of tools FIS is building around digital assets. The company already supports stablecoin payments through its Money Movement Hub and loan tokenization through its Digital Liquidity Gateway. Together, these tools cover payments, deposits, and capital markets in one place.
For banks, the appeal is simple. They can offer faster and more flexible transactions while keeping deposits on their own balance sheets. Stablecoins already offer speed and programmability, but they sit outside the banking system. Lyriq gives banks a way to offer similar capabilities without sending funds elsewhere.
See: Tokenization Finds Scale In Collateral And Cash
The hard part has been getting these systems into real use. Many tokenization projects stay stuck in pilots because they don’t connect to core banking systems. Lyriq focuses on that gap by working with infrastructure that banks already use, which makes it easier to handle real transaction volume.
If banks can’t offer a similar experience, deposits and payment activity can move to platforms that already do. That’s the pressure pushing banks to act.
Talking Point
Which platforms become the operating layer for bank issued digital money, and which banks can move fast enough to keep deposits and payment flows inside their own systems?
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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