USBC, Inc. (NYSE American: USBC), a publicly traded technology company, has announced a preliminary partnership with Uphold, an on-chain finance infrastructure provider, and Vast Bank, a nationally chartered U.S. bank, to launch the first retail tokenized deposit offering. This initiative aims to provide worldwide access to U.S. dollar-denominated tokenized deposits and deposit accounts for individuals, enterprises, and financial institutions, beginning in 2026.
The partnership combines USBC's blockchain technology, Uphold's global platform, and Vast Bank's regulatory framework. Uphold's customers will be able to open U.S. dollar deposit accounts, with digital representations of their deposits held at Vast Bank on USBC's privacy-preserving blockchain. These tokenized deposits are designed to be eligible for FDIC insurance (subject to applicable limits) and subject to Regulation E protections, offering a compliant alternative to stablecoins.
USBC Chairman and CEO Greg Kidd emphasized the significance of the collaboration: "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 move positions USBC at the forefront of digital finance, creating a regulated pathway for cross-border payments and programmable finance.
Unlike stablecoins, which lack consumer protections, USBC tokenized deposits are on-chain representations of real U.S. dollars issued by a regulated bank. Key advantages include unparalleled safety through FDIC insurance, regulatory confidence via compliance with U.S. financial regulations, and programmability enabling instant settlement, real-time payments, and smart contract automation. The whitepaper outlining this vision is available at http://usbc.xyz/i/whitepaper.
The partnership is expected to create value for USBC shareholders by accelerating revenue through global deposit volumes, amplifying shareholder value via scalable revenue models, solidifying regulatory leadership in compliant digital money, and enabling future technology licensing opportunities for other financial institutions. Uphold, Vast Bank, and USBC have signed a non-binding Memorandum of Understanding (MOU) to finalize terms in Q4 2025, subject to board and regulatory approvals.
USBC, Inc. is a technology company focused on transformative financial services and digital assets. Uphold provides on-chain finance infrastructure for payments, banking, and investments, serving millions of customers across 140+ countries. Vast Bank, a nationally chartered bank based in Tulsa, Oklahoma, combines traditional banking protections with blockchain efficiency. This collaboration marks a significant step towards integrating blockchain technology with regulated banking, potentially reshaping global access to U.S. dollar accounts.
