VersaBank USA launches tokenized deposit pilot program

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VERSABANK ANNOUNCES VERSABANK USA LAUNCH OF TOKENIZED DEPOSIT PILOT PROGRAM IN UNITED STATES

August 26, 2025 7:11 AM EDT

Bank's Proprietary Digital Deposit Receipts (DDRs) Offer Significant Advantages over Stablecoins as Bank-Issued Deposits on the Blockchain as 1:1 Representation of Actual Cash Deposits with Ability to Pay Interest and FDIC Insurance1

LONDON, ON and MINNEAPOLIS, Aug. 26, 2025 /PRNewswire/ - As traditional stablecoins gain traction as a tool for various financial activities within the cryptocurrency ecosystem,... More