USBC, Uphold & Vast Bank Launch First Retail Tokenized Deposits

USBC, Inc., an innovative publicly traded technology company, has announced a groundbreaking preliminary partnership with Uphold, the infrastructure provider for on-chain finance, and nationally-chartered Vast Bank to create the world's first retail tokenized deposit offering. This strategic alliance, spearheaded by USBC Chairman and CEO Greg Kidd, represents a significant milestone in digital finance by enabling global access to U.S. dollar-denominated tokenized deposits and traditional U.S. dollar deposit accounts for individuals, enterprises, and financial institutions worldwide. The partnership leverages Vast Bank's national charter and compliance framework to ensure that these tokenized deposits are designed to be eligible for FDIC insurance and subject to Regulation E protections, combining traditional banking security with blockchain efficiency.

The initiative marks a revolutionary step beyond stablecoins by offering on-chain digital representations of real U.S. dollars issued by a regulated U.S. bank. This breakthrough product provides three key advantages: unparalleled safety through FDIC insurance eligibility, regulatory confidence through compliance with U.S. financial regulations, and programmable finance capabilities enabling instant settlement, real-time international payments, and smart contract automation. The companies have published a comprehensive whitepaper outlining their vision for tokenized deposits, which can be downloaded from their official documentation portal. The partnership is expected to begin operations in 2026, following the finalization of terms through a definitive agreement in the fourth quarter of 2025.

This transformative collaboration creates substantial value opportunities for USBC shareholders by accelerating revenue through global deposit flows, amplifying shareholder value through scalable blockchain integration, solidifying regulatory leadership in the emerging digital money space, and expanding technology licensing and B2B opportunities. Uphold's extensive global reach across more than 140 countries will provide unprecedented distribution channels, while Vast Bank's regulatory framework ensures compliance and consumer protection. The partnership represents a category-defining moment that positions USBC at the forefront of the digital finance revolution, creating a pathway for secure, compliant global money movement while establishing a template for other financial institutions to safely enter the tokenized deposit market.