FIS announced the launch of Lyriq, a new platform that lets banks issue, manage, and settle their own digital money—including tokenized deposits and digital currencies—while keeping those deposits on the banks’ balance sheets. The platform is designed to integrate with existing core banking systems, regardless of the provider, and provides built‑in compliance, identity verification, and audit controls that meet regulatory expectations.
Lyriq gives banks a fully integrated solution for creating and controlling digital assets. Banks can issue tokenized deposits that can be used for payments, savings, or other financial services, and the platform also supports the settlement of digital currencies. By keeping the deposits on the balance sheet, banks retain full regulatory oversight and balance‑sheet control while participating in the growing digital‑money ecosystem without relying on third‑party infrastructure.
The launch positions FIS to capture new revenue streams from banks that are looking to offer digital‑currency services to their customers. It also expands FIS’s core banking and payments capabilities into the emerging digital‑money space, aligning with the company’s broader digital‑asset strategy that includes AI, cloud migration, and strategic acquisitions such as Amount. Lyriq is part of FIS’s Money Movement Hub ecosystem and has already been proven in seven digital‑currency proof‑of‑concepts with financial institutions worldwide.
Jim Johnson, Co‑President of Banking Solutions at FIS, said, “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.” He added, “Digital currencies will only scale if trust scales with them. Banks need infrastructure with strong governance, identity controls, auditability, and resilience built in from the start, so money can move at digital speed without compromising safety.”
The platform is positioned as a bank‑centric alternative to crypto‑native solutions such as Fiserv’s FIUSD stablecoin. By offering a solution that keeps deposits on the balance sheet and embeds regulatory controls, FIS aims to differentiate itself in a competitive market where many existing infrastructures are built for crypto markets rather than traditional banks. The launch also clarifies that the name Lyriq is unrelated to the Cadillac electric SUV of the same name.
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