07:43 AM EDT, 10/27/2025 (MT Newswires) -- VersaBank ( VBNK ) on Monday unveiled branding for its Digital Deposit Receipts to VersaBank Real Bank Deposit Tokens (RBDTs).

The branding reflects the fact that RBDTs are issued by a federally licensed bank (in Canada and the U.S.) enabling legally permitted interest payments and deposit insurance, which non-bank issued stablecoins are not allowed to provide. The brand also reinforces the critical functional foundation that RBDTs are actual cash deposits with VersaBank ( VBNK ) that are reflected on the blockchain, a statement said.

"VersaBank Real Bank Deposit Tokens combine the safety and soundness of traditional banking with the efficiency, cost savings, security, and programmability of blockchain technology," said David Taylor, the company's president. "As the only dual-chartered national bank currently integrating and running cross-border pilot programs, we are proud to continue our track record of innovation and to demonstrate the many benefits of our RBDTs across both the US and Canada."