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VersaBankBullish
VersaBank has officially initiated the commercial phase of its proprietary tokenized deposit program in the United States. The bank will issue 'VUSD,' an interest-paying, FDIC-eligible tokenized deposit, and plans to list it on major digital asset exchanges.…more
VersaBank
VersaBank has partnered with Fiserv to provide digital asset technology and custody services for the Bank of North Dakota's dollar-backed stablecoin, 'Roughrider Coin.' As the issuer, VersaBank will manage minting, burning, custody, and reserve assets, marking the first live use case of Fiserv's Digital Asset platform.…more
VersaBank
VersaBank has significantly expanded its Structured Receivable Program (SRP) in the U.S. by launching funding services for the small business loan and lease sector. This expansion aims to double the bank's U.S. market opportunity and supports a target of generating at least US$3 billion in additional U.S. SRP fundings next year.…more
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VersaBank Launches VUSD Tokenized Deposits in U.S. Market
VersaBank has initiated the commercial phase of its U.S. strategy by launching VUSD, a blockchain-based tokenized deposit product. The bank plans to expand its presence by offering this proprietary technology to regional and community banks across the U.S.…more
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VersaBank has received approval from Canada's Finance Minister to reorganize into a standard U.S. bank holding company structure. The transition remains subject to final approval from the U.S. Federal Reserve Board.…more
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VersaBank has partnered with Fiserv to provide digital asset technology and custody services for the development of North Dakota's 'Roughrider Coin' stablecoin. As this is a technology partnership without specific financial impact details, it is considered a neutral development.…more
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