USBC, Inc. (NYSE American: USBC) saw its share price climb 7.4% in premarket trading on Tuesday following the announcement that it has finalized the terms of a strategic partnership with Uphold and Vast Bank to develop and commercialize regulated, tokenized bank deposits.
The companies said they have executed a definitive triparty agreement that codifies a memorandum of understanding previously signed in October 2025. The arrangement is intended to create the regulatory, banking and technology infrastructure needed to introduce tokenized U.S. dollars into broader use.
USBC's chief executive, Greg Kidd, described the pact as clarifying the company's ambitions. "Our agreement with Uphold and Vast Bank more clearly defines our vision for bank-regulated digital dollars," Kidd said. "With this definitive triparty agreement, USBC, Vast, and Uphold are formally agreeing to combine efforts to continue building the regulatory, banking, and technology stack needed to bring trusted digital dollars into everyday use at scale."
According to the companies, the partnership is expected to support multiple use cases for tokenized deposits. Specific applications cited include faster settlement of transactions, improvements to corporate treasury operations, and new digital asset services aimed at both institutional and retail clients.
However, the announcement underscores that these developments remain subject to applicable regulatory approvals and the achievement of technical milestones. The firms did not provide further timelines or operational details beyond the scope of the agreement.
USBC positions itself as a technology company focused on enabling the conversion of traditional U.S. bank dollar balances into secure, compliant tokenized deposits for digital-dollar use cases across institutional and retail markets. The finalized triparty agreement represents a step toward that stated goal by aligning regulatory, banking and technology partners under a single framework.
Context and near-term outlook
The executed agreement replaces the earlier memorandum of understanding and establishes a formal collaboration framework among the three entities. While the companies highlight potential operational benefits such as faster settlement and enhanced treasury functions, they also acknowledge that progress depends on regulatory sign-offs and technical execution.
Investors reacted to the announcement in premarket trading, pushing USBC shares higher ahead of the regular session.
What remains unclear
- The announcement does not specify dates for regulatory approvals or technical milestones.
- Details on commercial rollout, exact products or services, and customer onboarding plans were not provided.