VersaBank USA Launches Tokenized Deposit Pilot Program in US

VersaBank USA has launched a groundbreaking pilot program for tokenized deposits, marking a significant step forward in the evolution of digital banking assets. This initiative sets a new precedent by offering regulated, bank-issued digital deposit receipts (DDRs) fully backed by FDIC-insured deposits. This approach differentiates itself from private stablecoins while catering to an increasing demand for secure and compliant digital financial solutions.