USBC, Inc. (NYSE American: USBC) filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission dated June 22, 2026, reporting an event date of June 15, 2026. The Reno, Nevada-incorporated company uses the filing to update investors on the state of its tokenized deposit product and to disclose a corporate action tied to its capital structure. This piece reports what the document states; it does not assess whether the product will launch, succeed, or be safe, and it offers no view on the company's securities.

Under Item 8.01, the filing describes USBC's core business. According to the report, the company is focused on developing the USBC tokenized deposit offering, which it characterizes as a U.S.-dollar-denominated tokenized deposit that runs on blockchain technology and is embedded with digital identity. The 8-K frames this within a multi-phase product delivery strategy the company says it initiated on March 10, 2026.

The Company is a growth-stage financial technology company focused on the development of the USBC tokenized deposit offering, a U.S.-dollar denominated tokenized deposit that operates on blockchain technology and is embedded with digital identity.

On stage and timeline, the filing states that since announcing the initiation of its delivery strategy in March 2026, the company has delivered core product infrastructure and successfully completed initial technical readiness testing with a limited group of internal users in a controlled environment. It says it continues to advance subsequent phases of the product delivery strategy in preparation for a future public launch. The document adds that development costs are accelerating as the program advances and are expected to be significant, and that the company relies on access to external sources of capital to fund product development, commercialization, working capital, and general corporate purposes. It states it may seek to issue additional shares of common stock in connection with future capital-raising activities.

The structural detail in this report is comparatively brief; for the mechanics of the product, the company points to its earlier disclosures describing a multi-phase delivery strategy. In prior filings referenced as part of that same strategy, USBC has described the offering as enabling eligible customers to open a U.S.-dollar deposit account issued by an issuing bank, with each customer assigned a bank account number and a corresponding address on the USBC network, and balances represented on that network as tokenized deposits while remaining liabilities of the issuing bank. The June 22 report itself does not restate those mechanics in full, but it confirms the program is being advanced toward limited market testing and a future public launch, subject to regulatory, operational, and market considerations.

The larger portion of the filing, under Item 5.07, concerns a reverse stock split. The report states that on June 15, 2026, Goldeneye 1995 LLC, the holder of approximately 92.2% of the company's voting power, approved by written consent a reverse stock split at a ratio ranging from 1-for-2 to 1-for-5. The split was previously approved and recommended by the board on June 12, 2026, and the company says the exact ratio and timing remain in its discretion and may be effected, if at all, within twelve months following June 15, 2026. According to the report, the company filed a preliminary Information Statement on Schedule 14C on June 22, 2026, and the split will not become effective until the requirements of Rule 14c-2 are satisfied. The board's stated rationale is that the reverse split may facilitate future capital-raising efforts by improving the marketability of the common stock and broadening the range of potential investors, though the filing cautions there can be no assurance these objectives will be achieved.

The 8-K closes with a forward-looking statements section identifying risks including regulatory approvals, market adoption, technological developments, volatility in digital asset markets, and collateral calls, mandatory repayments, or liquidation events. The report was signed by Chief Financial Officer Kitty Payne. The full text is available on sec.gov.