USBC Partners with Uphold and Vast Bank to Launch the First Retail Tokenized Deposits, Designed to Provide Worldwide Access to U.S. Dollar Deposit Accounts
USBC (NYSE:USBC) announced a preliminary partnership with Uphold and nationally‑chartered Vast Bank to introduce the world’s first retail tokenized U.S. dollar deposits, with on‑chain deposit accounts hosted on USBC’s privacy‑preserving blockchain beginning in 2026. The firms signed a non‑binding MOU and intend to finalize terms in Q4 2025, subject to board and regulatory approvals. USBC says deposits will be held at Vast Bank, designed to be eligible for FDIC insurance (as applicable) and to receive Reg E protections, while Uphold provides global access and customer onboarding.
The announcement positions USBC to scale programmable finance, cross‑border settlement, and B2B licensing opportunities if approvals are obtained.
USBC (NYSE:USBC) ha annunciato una partnership preliminare con Uphold e la banca Vast Bank, autorizzata a livello nazionale, per introdurre i primi depositi in dollari statunitensi tokenizzati al dettaglio a livello mondiale, con conti di deposito on-chain ospitati sulla blockchain che preserva la privacy di USBC, a partire dal 2026. Le società hanno firmato un MOU non vincolante e intendono definire i termini nel Q4 2025, soggetti all'approvazione dei consigli di amministrazione e delle autorità regolatorie. USBC afferma che i depositi saranno detenuti presso Vast Bank, progettati per essere idonei all'assicurazione FDIC (quando applicabile) e per ricevere le protezioni Reg E, mentre Uphold fornisce accesso globale e onboarding dei clienti.
L'annuncio posiziona USBC per scalare la finanza programmabile, i regolamenti di insolvenza transfrontalieri e le opportunità di licensing B2B se verranno ottenute le approvazioni.
USBC (NYSE:USBC) anunció una asociación preliminar con Uphold y Vast Bank, un banco nacional autorizado, para presentar los primeros depósitos en dólares estadounidenses tokenizados al detalle a nivel mundial, con cuentas de depósito en cadena alojadas en la blockchain de USBC que preserva la privacidad, a partir de 2026. Las empresas firmaron un MOU no vinculante y tienen la intención de finalizar los términos en Q4 2025, sujeto a las aprobaciones de la junta y de las autoridades reguladoras. USBC dice que los depósitos se mantendrán en Vast Bank, diseñados para ser elegibles para seguro FDIC (según corresponda) y para recibir las protecciones Reg E, mientras Uphold proporciona acceso global y onboarding de clientes.
El anuncio posiciona a USBC para escalar finanzas programables, liquidación transfronteriza y oportunidades de licencias B2B si se obtienen las aprobaciones.
USBC (NYSE:USBC) 는 Uphold 및 국내 규제에 따른 Vast Bank 와 예비 파트너십을 발표하여 세계 최초의 소매 토큰화된 미국 달러 예금을 도입하고, 프라이버시를 보호하는 USBC의 블록체인에 호스트되는 온체인 예금 계좌를 2026년부터 시작으로 운영합니다. 기업은 비구속적 MOU를 체결했고, 2025년 4분기에 조건을 확정할 예정이며, 이사회 및 규제 당국의 승인에 따릅니다. USBC는 예금이 Vast Bank에 예치되어 FDIC 보험 적용 가능(해당 시) 및 Reg E 보호를 받도록 설계되며, Uphold가 글로벌 접근성과 고객 온보딩을 제공합니다.
발표는 승인이 얻어질 경우 USBC가 프로그래머블 파이낸스, 국경 간 결제, B2B 라이선스 기회를 확장하는 데 위치하게 될 것이라고 설명합니다.
USBC (NYSE:USBC) a annoncé un partenariat préliminaire avec Uphold et Vast Bank, une banque nationale pour lancer les premiers dépôts en dollars américains tokenisés au détail au niveau mondial, avec des comptes de dépôt en chaîne hébergés sur la blockchain respectueuse de la vie privée d’USBC, à partir de 2026. Les sociétés ont signé un protocol de non-engagement et ont l’intention de finaliser les termes au Q4 2025, sous réserve des approbations des conseils d’administration et des autorités de régulation. USBC indique que les dépôts seront détenus chez Vast Bank, conçus pour être éligibles à l’assurance FDIC (le cas échéant) et pour recevoir les protections Reg E, tandis qu’Uphold assure l’accès mondial et l’intégration des clients.
L’annonce positionne USBC pour faire évoluer la finance programmable, le règlement transfrontalier et les opportunités de licences B2B si les approvals sont obtenues.
USBC (NYSE:USBC) kündigte eine vorläufige Partnerschaft mit Uphold und der national konzessionierten Vast Bank an, um die weltweit ersten Einzelhandels tokenisierten US-Dollar-Einlagen einzuführen, mit On-Chain-Einlagenkonten, die auf der privacy-friendlichen Blockchain von USBC gehostet werden, beginnend im 2026. Die Firmen unterzeichneten eine unverbindliche Absichtserklärung (MOU) und beabsichtigen, die Konditionen im Q4 2025 festzulegen, vorbehaltlich der Genehmigungen durch Vorstand und Aufsichtsbehörden. USBC sagt, dass Einlagen bei Vast Bank gehalten werden und so gestaltet sind, dass sie für eine FDIC-Versicherung (soweit zutreffend) in Frage kommen und die Reg E-Schutzmaßnahmen erhalten, während Uphold globalen Zugang und Kunden-Onboarding bereitstellt.
Die Ankündigung positioniert USBC, programmierbare Finanzen, grenzüberschreitende Abwicklung und B2B-Lizenzmöglichkeiten zu skalieren, sofern die Genehmigungen erteilt werden.
USBC (NYSE:USBC) أعلنت عن شراكة مبدئية مع Uphold وبنك Vast Bank الوطني لطرح أول ودائع أمريكية مقننة/tokenized بالتجزئة على مستوى العالم، مع حسابات وديعة على السلسلة مستضافة على سلسلة الخصوصية لدى USBC، ابتداءً من 2026. وقعت الشركات مذكرة تفاهم غير ملزمة وتعتزم إنهاء الشروط في الربع الرابع من 2025، رهناً بموافقات المجلس والجهات التنظيمية. تقول USBC إن الودائع ستُحتفظ بها في Vast Bank، مصممة لتكون مؤهلة لـ تأمين FDIC (حسب الاقتضاء) ولتتلقى حماية Reg E، بينما يوفر Uphold الوصول العالمي وتوجيه العملاء.
يدفع الإعلان USBC إلى توسيع التمويل القابل للبرمجة، وتسوية ما وراء الحدود، وفرص ترخيص B2B إذا تم الحصول على الموافقات.
USBC (NYSE:USBC) 宣布与 Uphold 以及 全国特许银行 Vast Bank 的初步合作，推出全球首个零售级 代币化的美圆存款，存款账户将托管在 USBC 的隐私保护区块链上，计划于 2026 开始。该公司签署了 非绑定性谅解备忘录，并计划在 2025 年第四季度 最终确定条款，需经董事会及监管机构批准。USBC 表示存款将由 Vast Bank 保管，设计为符合 FDIC 保险（如适用）并获得 Reg E 保护，而 Uphold 提供全球接入与客户引导。
公告表明，若获批准，USBC 将具备扩展可编程金融、跨境结算和 B2B 许可机会的能力。
- Planned launch of retail tokenized deposits on USBC blockchain in 2026
- Partnership with Uphold enables global customer access to U.S. deposit accounts
- Design aims for underlying deposits to be eligible for FDIC insurance
- Uses Vast Bank national charter to anchor regulatory compliance and Reg E protections
- Agreement is a non‑binding MOU; final terms expected in Q4 2025
- Partnership and launch remain subject to board and regulatory approvals
- No financial terms, revenue guidance, or quantified timelines disclosed
Insights
USBC announces a partnership to launch retail tokenized U.S. dollar deposits via Uphold and Vast Bank, targeting global access beginning in 2026.
USBC, working with Uphold and nationally‑chartered Vast Bank, plans to put on‑chain representations of real U.S. dollar deposits on USBC’s permissioned blockchain. The product explicitly ties each token to an underlying deposit account at a U.S. bank and is described as designed to be eligible for
The initiative’s viability depends on a few concrete items stated in the release: execution of a definitive agreement (the parties signed a non‑binding MOU), completion of board and regulatory approvals, and operational readiness to launch on USBC’s blockchain in
Watch the MOU conversion into a definitive agreement targeted in
Combines traditional banking protections with blockchain innovation, bringing real U.S. dollar deposits securely on-chain with global accessibility
RENO, Nev., Oct. 23, 2025 (GLOBE NEWSWIRE) -- USBC, Inc. (NYSE American: USBC) (“USBC” or the “Company”), an industry-leading, publicly traded technology company that enables the transformation of traditional U.S. bank dollars into secure, compliant tokenized deposits, today announced a preliminary partnership with Uphold, the infrastructure provider for on-chain finance, and nationally-chartered Vast Bank that will advance the next generation of digital finance. The new strategic partnership will introduce the world’s first retail tokenized deposit offering, providing unprecedented global access to U.S. dollar-denominated tokenized deposits and U.S. dollar deposit accounts worldwide for individuals, enterprises, and financial institutions.
USBC Chairman and CEO Greg Kidd is the lead architect of the Company’s blockchain banking vision, having spent the better part of a decade developing the building blocks that now make fully-compliant, tokenized U.S. dollar deposits possible.
Expanding the Reach of U.S. Banking Worldwide
With this new partnership, Uphold’s customers will be able to open U.S. dollar deposit accounts enabling customers to hold and transfer digital representations of their U.S. dollar deposits at Vast Bank on USBC’s privacy-preserving blockchain beginning in 2026. Enabled by Vast Bank’s national charter and compliance framework, USBC tokenized deposits are designed to enable the underlying deposit to be eligible for FDIC insurance (in accordance with applicable limits and requirements) and subject to Reg E protections.
Accompanying the partnership announcement, USBC has published a whitepaper* outlining its vision for tokenized deposits. It can be downloaded here: http://usbc.xyz/i/whitepaper.
“Today’s announcement marks a defining moment for both USBC and the future of digital dollars,” said Greg Kidd. “By combining the regulatory strength of the national bank charter with the scalability and accessibility of blockchain technology, we’re not just innovating the U.S. dollar—we’re expanding its global influence. This new partnership with Uphold and Vast Bank positions USBC at the forefront of digital finance, building a transformative pathway to move money around the world in a fully compliant and regulated environment, unlocking meaningful opportunities to drive revenue and create shareholder value.”
The Next Generation of Digital Dollars
Unlike stablecoins, which are synthetic and lack meaningful consumer protections, USBC tokenized deposits are on-chain, digital representations of real U.S. dollars and are issued by a bank regulated under U.S. law. This breakthrough product offers three key advantages over other digital dollar initiatives:
- Unparalleled Safety — Every dollar represented by USBC tokenized deposits is held in a deposit account at a U.S. bank and is designed in a manner to enable the underlying deposits held at the bank to be eligible for FDIC insurance up to applicable federal limits and subject to Reg E protections.
- Regulatory Confidence — Leveraging traditional bank deposits underpinned by a permissioned blockchain and digital identity enables compliance with U.S. financial regulations, setting a global standard for trusted digital money.
- Programmable Finance — Blockchain technology enables instant settlement, real-time international payments, smart contract automation, and always-on financial access.
Creating Value for USBC Shareholders
This initiative opens vast new markets for U.S. bank accounts and strengthens USBC’s strategic position as a category-defining leader. The partnership is expected to:
- Accelerate Revenue: Global access through Uphold will drive revenue from the volume of deposits flowing into Vast Bank and deepen engagement with both retail and institutional clients.
- Amplify Shareholder Value: USBC’s integration of banking and blockchain broadens its market and growth potential. As the network operator, its revenue model is highly scalable with the support of the existing infrastructure.
- Solidify Regulatory Leadership: USBC is setting the industry template for compliant, scalable digital money, offering a framework for other U.S. banks to safely enter the tokenized deposit market by integrating with its tech stack.
- Ability to Expand Technology Licensing and B2B Opportunities: The partnership’s infrastructure is built to be scalable, inviting the future potential for additional financial institutions to leverage this blueprint for secure, on-chain bank operations.
Uphold, Vast and USBC have entered into a non-binding Memorandum of Understanding (MOU) to finalize the terms of their strategic partnership in a definitive agreement. While non-binding, the MOU reflects a shared intent to finalize the terms of the partnership during the fourth quarter of 2025, with the final agreement being subject to requisite board and regulatory approvals.
About USBC, Inc.
USBC, Inc. (NYSE American: USBC) is an industry-leading, publicly traded multi-disciplinary technology company. Under the leadership of Chairman and CEO, Greg Kidd, USBC develops transformative financial services, including digital assets and banking solutions as well as non-invasive health monitoring research. USBC has implemented a bitcoin treasury strategy to bolster development and research across its various divisions. A key focus of USBC is the further development of the USBC tokenized deposit offering, a U.S.-dollar denominated tokenized deposit that operates on blockchain technology and is embedded with digital identity. With a focus on inclusion, innovation, and risk management, USBC is dedicated to creating long-term shareholder value in a rapidly evolving financial landscape.
The USBC tokenized deposit whitepaper*: http://usbc.xyz/i/whitepaper.
*The product features described in these materials are for informational purposes only. All product features may be modified, delayed, or cancelled without prior notice, at any time and at the sole discretion of USBC, Inc. Nothing herein constitutes a commitment, warranty, guarantee or investment advice.
About Uphold
Uphold is a financial technology company that believes on-chain services are the future of finance. It provides modern infrastructure for on-chain payments, banking and investments. Offering Consumer Services, Business Services and Institutional Trading, Uphold makes pioneering financial services easy and trusted for millions of customers in more than 140 countries.
Uphold integrates with more than 30 trading venues, including centralized and decentralized exchanges, to deliver superior liquidity and optimal execution. Uphold never loans out customer assets and is always
Uphold is regulated in the U.S. by FinCen and State regulators; and is registered in the UK with the FCA and in Europe with the Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. To learn more about Uphold’s products and services, visit uphold.com.
About Vast Bank
Vast Bank, N.A., is a nationally chartered U.S. bank headquartered in Tulsa, Oklahoma, with a legacy of family ownership and a forward-leaning approach to innovation. Vast Bank continues to pioneer next-generation financial infrastructure within a fully regulated framework. Vast Bank is enabling tokenized U.S. dollar deposits that combine the trust and protections of traditional banking—FDIC insurance, Reg E protections, and U.S. bank account credentials—with the global utility, programmability, and efficiency of blockchain-based finance.
Vast Bank is focused on building inclusive, secure, and data-driven banking products that bring modern finance to global retail customers—on-chain and on demand.
To learn more, visit www.vast.bank.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the anticipated launch of tokenized deposit accounts, the expected benefits of the partnership between Uphold, Vast Bank, and USBC, Inc., and the timing and outcome of the definitive agreement. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which may cause actual results to differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to, regulatory approvals, market adoption, technological developments, and other factors described in USBC, Inc.’s filings with the U.S. Securities and Exchange Commission. USBC, Inc. undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.
USBC Media Contact:
Fatema Bhabrawala
Director of Media Relations, Alliance Advisors
fbhabrawala@allianceadvisors.com
USBC Investor Relations Contact:
Adele Carey
VP, Investor Relations, Alliance Advisors
investors@usbc.xyz
Uphold PR Contact:
Lauren Bukoskey
Senior PR Manager
lauren@serotonin.co
Vast Bank Holdings IR PR Contact:
Bianca Lopes
Chief Strategy & Growth Officer
bianca.lopes@vast.bank
FAQ
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