Dear Investors, Partners and Friends of Metallicus,
As we enter the final six weeks of 2025, it’s hard to imagine slowing down. Looking back at our progress in Q3, and with so much still ahead as we move toward 2026, this year marks a monumental tenth year of operation for Metallicus.
This has been our most active and transformative period yet, driven by focus, execution, and teamwork across engineering, product development, institutional engagement, compliance, and the entire Metallicus team.
Across the broader digital asset landscape, we are witnessing real momentum. With new regulatory clarity, financial institutions are increasingly engaging with blockchain, not as an experiment, but as a tool for real utility and value. The conversation is shifting, slowly but surely, from speculation to adoption.
Having built the foundational infrastructure for regulated digital finance, we are stepping into the moment Metallicus was designed for, empowering institutions to bring blockchain into their operations securely and compliantly. We have always believed blockchain should strengthen, not replace, the systems and values that already serve communities well.
This year, we have advanced from proof of concepts to pilot programs and now into an implementation era, partnering with institutions that are setting the standard for secure and compliant blockchain-based financial operations. Today, more than 15 credit unions have stablecoins active in our test environment, a tangible sign of institutional adoption in motion.
The launch of $CLDUSD, the first member-facing credit union stablecoin from St. Cloud Financial Credit Union, reflects our belief that blockchain should extend the cooperative spirit that defines the credit union movement, community, transparency, and member ownership. We see this as the foundation for a new era of payments, where digital dollars are issued and managed directly by institutions for their members.
The stablecoin pilot’s success continues to attract new cohorts and is creating a framework for additional pilots across other products in the stack, focused on identity, compliance, and fraud prevention.
On the engineering front, internal testing continues for PulseVM, our high-performance virtual machine purpose-built for banking. It represents the next phase of our infrastructure, enterprise-grade blockchain technology shaped by the very institutions that use it.
As this technology evolves, what matters most is how it serves people. From credit unions to global institutions, we are helping build the future of payments, compliant, connected, and always on.
To our partners, developers, and community, thank you for your ongoing support.
Marshall
Read the full report → /Metallicus_2025_Q3
