USBC (USBC) Company Report

USBC, Inc. finalized a strategic partnership agreement with Uphold and Vast Bank on January 20, 2026, formalizing a previous Memorandum of Understanding signed in October 2025.
The agreement aims to advance tokenized bank deposits for digital dollar use cases across institutional and retail markets.
Under the agreement, USBC will be the Operator of the Network, Vast Bank will be an Issuer, and Uphold will function as a Developer and Network Service Provider.
The partnership includes exclusivity provisions: Uphold will make USBC and Vast Bank its exclusive partners for tokenized deposit offerings, and USBC/Vast Bank will exclusively use Uphold as their crypto-trading platform developer partner for market making and exchange services for the USBC tokenized deposit program.

Jan 26, 2026, 10:16 PM

USBC, Inc. Amends Digital Asset Management Agreement for Bitcoin Treasury Strategy

USBC

New Projects/Investments

USBC, Inc. entered into an Amended and Restated Digital Asset Management Agreement with Hyrcanian Asset Management, LLC on December 12, 2025, effective January 1, 2026, to manage its Bitcoin treasury strategy.
Hyrcanian Asset Management will provide discretionary management services, focusing on buying and selling call options on Bitcoin, specifically excluding spot Bitcoin transactions.
The Manager's compensation is a performance-based fee equal to 33% of the Net Increase in Capital above the High Water Mark, calculated quarterly and subject to an annual cap.
Hyrcanian Asset Management is not registered as an investment adviser or commodity trading advisor, meaning it is not subject to regulatory oversight or investor protection rules applicable to registered entities.

Dec 19, 2025, 1:46 PM

USBC, Inc. Stockholders Approve Amended and Restated 2021 Equity Incentive Plan

USBC

Executive Compensation

Proxy Vote Outcomes

USBC, Inc. stockholders approved the Amended and Restated 2021 Equity Incentive Plan at the Annual Meeting held on September 29, 2025.
The approved plan increases the number of shares of Common Stock authorized for issuance by 65,000,000 shares.
It also amends the evergreen provision to automatically increase the number of shares authorized under the plan to 15,000,000 shares.
The plan provides the Board and/or compensation committee with flexibility to permit repricings and other exchanges of awards.
The purpose of the plan is to attract, retain, and motivate employees, officers, directors, consultants, agents, advisors, and independent contractors by offering them a proprietary interest in the company.