VersaBank (VB) Digital Asset Treasury Virtual Investor Conference summary

Core business performance and growth

• Achieved a 27% CAGR in assets over three years, reaching nearly CAD 6 billion, driven by a unique receivable purchase financing program.

• Expanded into the U.S. market, with rapid growth and more deal flow in the first year than in 18 years in Canada.

• Consistently profitable, earning nearly CAD 36 million in 2025 ordinary income, with expectations for industry-leading return on equity.

• Developing AI-driven instant receivable purchase to enhance efficiency and reduce liquidity needs for partners.

• Plans to further grow by improving product offerings and expanding partnerships.

Digital asset strategy and innovation

• Early leader in digital assets, with nearly a decade of experience and tested deposit tokens since 2021.

• Pursuing both deposit tokens and stablecoin opportunities, leveraging a fully digital, branchless, cloud-based model.

• Deposit tokens are one-to-one digital representations of bank deposits, designed for institutional use and expected to be eligible for deposit insurance.

• Stablecoins are issued by non-banks, cannot pay interest, and are not eligible for deposit insurance, but both play roles in the evolving ecosystem.

• Positioned to act as a custodian for third-party stablecoins, expecting this to become a significant low-cost revenue stream.

Regulatory environment and commercialization

• Running integrated cross-border pilot programs for deposit tokens in both the U.S. and Canada, with announcements expected within a month.

• No new legislation or regulation is believed necessary for launching tokenized deposits, as they are treated as regular bank deposits.

• Deposit tokens expected to be covered by deposit insurance, pending official approval.

• Community banks are eager to adopt the technology, with plans to host and exchange deposit tokens for multiple banks, creating a liquid market.

• Envisions an exchange facility for community bank tokens, charging minimal fees to foster liquidity.