USBC Inc Dossier
Qualitative Analysis
Business overview
USBC, Inc. (formerly known as Know Labs, Inc. until its rebranding in August 2025) is a publicly traded, multi-disciplinary technology company headquartered in Reno, Nevada. Under the leadership of Chairman and CEO Greg Kidd, the company has undergone a major strategic pivot toward digital financial technologies and blockchain-based banking solutions. Its core focus is the development of the USBC tokenized deposit offering—a U.S. dollar-denominated tokenized representation of a bank deposit account operating on blockchain technology with embedded digital identity. In parallel, the company maintains a Bitcoin treasury strategy as a primary reserve asset and continues limited research into its legacy non-invasive sensor technology utilizing radio and microwave spectroscopy.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Developing a U.S. dollar-denominated tokenized deposit offering operating on blockchain technology with embedded digital identity, designed to enable underlying deposits to be eligible for FDIC insurance and subject to Reg E protections.
Expected impact: Aims to transform traditional U.S. bank dollars into secure, compliant tokenized deposits, expanding the global reach of U.S. banking and unlocking new digital asset services.
Selling all equity of subsidiary Particle, Inc. (which housed the legacy non-invasive sensor technology) to Particle Acquisition Corporation, an entity controlled by former Chairman and CEO Ron Erickson.
Expected impact: Simplifies operations and reallocates capital toward core fintech initiatives, while retaining economic upside through a 10% revenue-sharing arrangement on future net revenues and a 5% to 35% share of future change-of-control proceeds.
Implementing a Bitcoin treasury strategy to bolster development and research, leveraging Bitcoin holdings as a primary treasury reserve asset to generate yield and support future growth.
Expected impact: Provides capital flexibility and funding levers to support digital-asset and financial-technology initiatives without relying solely on traditional equity dilution.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
Goldeneye 1995 LLC, an affiliate of Greg Kidd, acquired a controlling interest (92.2% ownership) to restructure the company from a medical technology focus to a pure-play fintech and tokenized deposit enterprise.
Financial impact: Infused the balance sheet with 1,000 Bitcoin and $15.0 million in cash, establishing the foundation for the company's Bitcoin treasury and tokenized deposit development.
Strategic Partnerships
Establishes the regulatory, banking, and technology stack needed to commercialize regulated, tokenized bank deposits. Uphold serves as the infrastructure provider and exclusive cryptoasset market platform, while nationally-chartered Vast Bank serves as the initial issuing bank for customer deposit accounts.
Terms: No direct financial terms disclosed. Includes mutual exclusivity terms from general public launch until termination: Uphold will exclusively use USBC and Vast Bank for tokenized deposit offerings, and USBC/Vast Bank will rely solely on Uphold as their cryptoasset market platform for the program.