VersaBank Begins U.S. Commercial Phase For Its Proprietary Tokenized Deposits

VersaBank has launched the U.S. commercial phase of its proprietary tokenized deposits with the issuance of Real Bank Tokenized Deposits™ (RBTDs™), branded as VUSD™. These U.S.-dollar deposits are interest-paying, FDIC insurance-eligible, and will be available on major digital asset exchanges. The initiative aims to provide tokenized deposit technology to community and regional banks in the U.S., addressing competition from non-bank blockchain alternatives.