USBC, Inc. (the Company) is announcing the initiation of Phase 1 of its multi-phase delivery strategy to bring its USBC tokenized deposit offering to market. This initial phase is being conducted with a limited group of internal users who have elected to participate in an extended employee pilot. The results of this phase will inform the Company's evaluation of timing for when the tokenized deposit offering is expected to be made available to retail customers.
The pilot is not a consumer offering, is not being made available to the public, and is intended solely to begin technical readiness testing in a non-production environment. The timing of subsequent phases of the delivery strategy will be subject to the outcome of the results of Phase 1 of the delivery strategy. The ultimate retail product launch timeline remains subject to the full execution of the delivery strategy and receipt of all requisite regulatory, board, and bank partner approvals.
