USBC, Uphold and Vast Bank Unite to Launch the World’s First Tokenized Deposit Platform

TLDR

1. World’s first tokenized deposits link blockchain with U.S. banking security.
2. Uphold users gain on-chain access to insured U.S. dollar accounts in 2026.
3. Vast Bank ensures full compliance under U.S. regulatory and FDIC standards.
4. USBC powers global, programmable finance with scalable blockchain tech.
5. A new blueprint for digital dollars blends trust, transparency, and access.

USBC, Inc. has announced a new partnership with Uphold and Vast Bank to launch the world’s first tokenized deposit platform. This strategic move will provide global access to U.S. dollar-denominated tokenized deposits for individuals, businesses, and financial institutions. The collaboration positions all three entities to lead the next era of blockchain-based banking and programmable finance.

Expanding Blockchain-Enabled Banking Access Globally

The joint initiative will enable Uphold’s customers to open U.S. dollar accounts with digital, on-chain access starting in 2026. These tokenized deposits will be issued through Vast Bank under U.S. regulatory standards and compliance frameworks. Each tokenized deposit will represent actual dollars held in a U.S. bank account.

Through Vast Bank’s national charter, the platform will offer deposit protections under FDIC insurance guidelines and Regulation E requirements. The use of a permissioned blockchain provides both transparency and compliance within a privacy-preserving system. This framework creates trust in tokenized deposits as a secure and regulated digital money solution.

USBC’s blockchain will serve as the operational backbone, ensuring full regulatory alignment while supporting financial inclusion and fast global transactions. The system promotes smart contract features, enabling seamless settlement and programmable transactions. This approach expands financial services while maintaining high standards of compliance.

Unlocking Value with Next-Generation Digital Infrastructure

The tokenized deposit platform aims to generate substantial revenue through increased account activity and deposit flows via Uphold’s global customer base. The blockchain-based structure allows USBC to operate a scalable, low-cost network with broad appeal across financial sectors. This unlocks long-term value by combining traditional banking infrastructure with modern digital tools.

USBC’s platform will stand apart from synthetic stablecoins by offering legal ownership and regulatory oversight of each tokenized deposit. The model also provides enhanced protections for users while enabling continuous financial access and programmable payment capabilities. By combining security with functionality, the offering targets both retail and institutional users.

Uphold and USBC anticipate that the integration will drive consistent engagement, account openings, and platform usage, especially across underserved markets. With Vast Bank as the deposit issuer, USBC ensures each tokenized deposit complies with U.S. legal standards. This positions the new platform to serve as a blueprint for future digital dollar products.

Strategic Vision for Compliant Digital Money

The partners have entered into a Memorandum of Understanding to formalize the agreement by Q4 2025 pending necessary approvals. The collaboration reflects a shared commitment to building compliant infrastructure for the growing tokenized deposit market. Once finalized, the offering will provide unmatched security and functionality in digital banking.

USBC continues to lead technological transformation under its CEO Greg Kidd, who has long championed compliant blockchain finance. The company’s infrastructure enables other financial institutions to join its platform and issue tokenized deposits safely. This strategy opens licensing and white-labeling opportunities for banks seeking to modernize operations.

Unlike other digital currencies, tokenized deposits on USBC’s platform are designed to scale while remaining fully regulated and bank-backed. The model enables compliant financial innovation, allowing banks to extend their services globally. With this foundation, USBC, Uphold, and Vast Bank aim to redefine how digital money moves.

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