About DRT

Digital Meteor owns proprietary intellectual property and technology to enable the next generation of digital assets for the banking and financial community, including theBank’s revolutionary Real Bank Tokenized Deposits^TM (RBTDs^TM).

RBTDs^TM are highly encrypted versions of conventional digital bank deposits represented on the blockchain, offering superior security, stability, and regulatory compliance compared to traditional stablecoins. As actual bank deposits, RBTDs^TM the interest-paying, FDIC insurance-eligible, U.S.-dollar RBTDs^TM.

VersaBank USA’s own RBTDs^TM, branded VUSD^TM, are expected to be the first tokenized deposits available broadly to consumers and businesses of all sizes in the United States. The Bank plans to list VUSD^TM on the most popular bona fide digital asset exchanges as soon as feasible.

Issuing RBTDs^TM in the U.S. will also position us to pursue our strategy to provide our proprietary, market ready, tokenized deposit technology to the thousands of community and regional banks in the U.S. challenged by the flow of deposits to alternative, non- bank-issued, blockchain-based deposit and payments alternatives. We look forward to providing our RBTD^TM technology in compliance with federal regulation to address the rapidly increasing demand by small- and medium-sized U.S. banks for a tokenized deposit, quickly, efficiently and cost-effectively, with industry leading security.

Additionally, through its proprietary VersaVault^TM technology, the world’s first digital vault for security conscious organizations looking to secure their highly sensitive and confidential documents, data, code, blockchain-based assets and more, the Bank addresses the need for regulated custody of digital assets with secure platforms.