VERSABANK APPLAUDS CANADIAN PRIME MINISTER MARK CARNEY AND FINANCE MINISTER FRANCOIS-PHILIPPE CHAMPAGNE ON PLANNED STABLECOIN REGULATION / BANK INITIATES COLLABORATIONS FOR STABLECOIN CUSTODY SOLUTIONS

Executive Summary

• VersaBank applauds the Canadian government’s planned stable‑coin regulation and says it will create a new revenue stream.
• The bank has begun collaborations with third‑party stable‑coin issuers to provide SOC 2 Type 1‑certified custody solutions using its proprietary VersaVault® platform.
• VersaBank is advancing toward commercialization of its own tokenized deposit product, the Real Bank Deposit Token™ (RBDT™), and expects it to become a meaningful part of the payments economy in the coming months.

Key Details

• Regulatory Context: The 2025 Federal Budget (passed Nov 17, 2025) outlines forthcoming stable‑coin regulations in Canada that VersaBank believes will enable economic benefits and new revenue opportunities.
• Custody Collaboration: VersaBank is working with third‑party stable‑coin issuers to deliver national bank‑based custody solutions that meet the upcoming regulatory standards; these solutions are built on the SOC 2 Type 1‑certified VersaVault® platform, described as “military‑grade” and air‑gapped from public internet/blockchain networks.
• Product Focus – RBDT™: The Real Bank Deposit Token™ (formerly Digital Deposit Receipts) is a tokenized representation of an actual fiat deposit held at the bank, fully insured and capable of earning interest. VersaBank positions RBDTs as having advantages over traditional stablecoins due to their bank‑issued nature and regulatory backing.
• Commercialization Timeline: Management indicated “steady progress toward commercialization … in the coming months,” suggesting a near‑term product launch or pilot phase.
• Strategic Positioning: VersaBank highlights its status as the only federally licensed custodian in Canada with a fully functional, SOC 2 Type 1‑certified digital asset vault, positioning itself to capture custody fees and related services from stable‑coin issuers and tokenized‑deposit users in both Canada and the United States.
• Forward‑Looking Statements: The release contains typical forward‑looking language noting risks such as economic conditions, regulatory changes, competition, and technology adoption that could affect the realization of these plans.

Notable Quotes

“VersaBank is the only federally licensed custodian in Canada with fully functional, military‑grade technology designed specifically for the protection of digital assets – our own, internally developed VersaVault®.” – David Taylor, Founder & President, VersaBank

“We believe that both stablecoins and bank‑issued tokenized deposits like our proprietary Real Bank Deposit Token™ will rapidly become a meaningful part of the payments economy … We are making steady progress toward commercialization of our RBDTs™ in the coming months.” – David Taylor